Answer:
Cost of in house production at 25000 units= $606250
Cost of outsourcing option at 25000 units= $750000
Thus, Marine international should produce the filter in house at a demand level of 25000 filters as the cost of in house production ($606250) is less than that of the outsourcing option ($750000).
Explanation:
To decide whether to outsource or not will depend on the total cost of each option incurred under certain production or demand level. The option providing the lowest total cost at that level will be chosen.
We first need to determine the cost of each option and see where the total cost for each item equates.
Cost of in house production = 300000 + 12.25x
Where, x is the number of units.
Cost of in house production = 300000 + 12.25 (25000)
Cost of in house production = $606250
Cost of outsourcing option = 30x
Cost of outsourcing option = 30 (25000)
Cost of outsourcing option = $750000
Thus, Marine international should produce the filter in house at a demand level of 25000 filters as the cost of in house production ($606250) is less than that of the outsourcing option ($750000).
Assume (1) estimated total manufacturing overhead cost = $100,000, (2) estimated total amount of the allocation base = 20,000 direct labor hours, (3) the total direct labor hours actually worked during the period = 21,700, and (4) the total manufacturing overhead actually incurred during the period is $103,000. What is the total amount of underapplied or overapplied overhead for the period?
Answer:
Explanation:
To determine the total amount of underapplied or overapplied overhead, we need to compare the estimated overhead cost with the actual overhead cost that was incurred, based on the actual amount of the allocation base that was used during the period.
First, we need to calculate the predetermined overhead rate:
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total amount of the allocation base
Predetermined overhead rate = $100,000 / 20,000 direct labor hours
Predetermined overhead rate = $5 per direct labor hour
Next, we can calculate the amount of overhead that should have been applied based on the actual amount of direct labor hours worked:
Applied overhead = Actual direct labor hours worked x Predetermined overhead rate
Applied overhead = 21,700 direct labor hours x $5 per direct labor hour
Applied overhead = $108,500
Finally, we can calculate the amount of underapplied or overapplied overhead:
Underapplied/Overapplied overhead = Actual manufacturing overhead incurred - Applied overhead
Underapplied/Overapplied overhead = $103,000 - $108,500
Underapplied/Overapplied overhead = -$5,500
Since the result is negative, we have an overapplied overhead of $5,500 for the period. This means that the actual manufacturing overhead incurred was less than the overhead that was applied based on the predetermined rate.
What is the best answer if a customer has a better price with the competition?
A customer informs that they have found a competitive provider who can offer service for less than what ADT currently offers.
What do you do?
Transfer the customer and have them speak further with account management.
Ask the customer for key features of the competitor and highlight how your offerings compare with overall value.
Explore the pricing differences with the customer and look for additional discounts that could be provided.
A customer informs that they have found a competitive provider who can offer service for less than what ADT currently offers, the best answer is to ask the customer for key features of the competitor and highlight how your offerings compare with overall value.
Thank the customer for their feedback and for considering ADT for their security needs.Ask the customer about the features and benefits that they are looking for in a security provider.Ask the customer to share details about the competitive provider's offerings, such as the price, contract terms, installation fees, equipment costs, etc.Listen carefully to the customer's needs and concerns.Explain the benefits of ADT's offerings and highlight the differences between the competitor's offerings and ADT's offerings.Emphasize ADT's strengths, such as the quality of the equipment, the expertise of the technicians, the responsiveness of the customer service team, the reliability of the monitoring service, and the range of features that are included in the package.If possible, offer the customer a special discount or promotion that would help to lower the overall cost of the service.Thank the customer again for their time and consideration, and let them know that you are available to answer any further questions they may have.For such more questions on customer
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Once you purchase a house. It typically appreciates in value. Appreciation is
A. an increase in value
B. stability in value
C. polite
D. a decrease in value
Answer:
A.
Explanation:
Appreciation means that something increases in value therefore it is A.
PLEASE HELP DUE AT 11:59
The following data have been gathered for Syncronics, Inc.:
a. The July 31 bank balance was $4,000,
b. The bank statement included $65 in service charges.
c. There was an EFT deposit of $900 on the bank statement for the monthly rent from
the tenant.
d. Checks #541 and #543 for $205 and $320, respectively, were not among the canceled
checks returned with the statement, therefore the checks are outstanding.
e. The July 31 deposit of $350 did not appear on the bank statement
f. The bookkeeper had erroneously recorded a $50 check as $500. The check was
written to a vendor to pay- off an accounts payable.
g. Included with the canceled checks was a check written by Syncronize
Corporation for $200 which was deducted from Syncronics' account. .
h. The bank statement also included an NSF check written by Multimedia, Inc for a $460
payment on accounts receivable
i. The cash account showed a balance of $3,200 on July 31.
REQUIRED:
1. Prepare the July 31 bank reconciliation for Syncronics Inc.
2. Adjust the Cash Balance (using Journal Entries, T accounts, or the Accounting Equation).
Explanation:
July 31 Bank Reconciliation for Syncronics Inc.
Balance per bank statement:
Beginning balance: $4,000
Service charges: -$65
EFT deposit: +$900
Outstanding checks: -$525 (check #541 for $205, check #543 for $320)
NSF check: -$460
Adjusted balance per bank statement: $3,750 ($4,000 - $65 + $900 - $525 - $460)
Balance per company's records:
Beginning balance: $3,200
Deposit in transit: +$350
Erroneously recorded check: -$450 ($500 - $50)
Deducted check: -$200
Adjusted balance per company's records: $2,900 ($3,200 + $350 - $450 - $200)
Adjusted Cash Balance:
To adjust the cash balance on Syncronics' books to the reconciled balance of $3,750, the following journal entry can be made:
Debit: Cash (increase) $850 ($3,750 - $2,900)
Credit: Accounts Receivable (decrease) $850
Alternatively, the T-account for Cash can be adjusted:
Beginning balance: $3,200
Add: Deposit in transit $350
Less: Erroneously recorded check -$500
Less: Deducted check -$200
Adjusted balance: $2,850
Then, the adjusting entry would be:
Debit: Cash (increase) $900 ($3,750 - $2,850)
Credit: Accounts Receivable (decrease) $900
Reducing laws and rules businesses have to follow is an example of
Question 12 options:
comparative advantage
deregulation
production possibilities
regulation
Answer:comparative advantage
Explanation:
Deregulation can be defined as a process of reducing laws and rules business have to follow to conduct their regular business activities. Therefore, the option B holds true.
What is the significance of deregulation?Deregulation can be referred to or considered as a process of lowering the number or amount of regulations that are applicable to be followed by a person governed under such regulations. These regulations are completely binding upon the person who is being governed.
For example, when a government authority reduces the laws and rules needed to be followed by enterprises in its economy, it can be said that the government is following the process of deregulation in its economy. Deregulation may be done to promote the conduct of business activities.
Therefore, the option B holds true and states regarding the significance of the process of deregulation.
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1. How do customers judge the quality of a supermarket? 2. Indicate how and why each of these factors is important to the successful operation of a supermarket: a. Customer satisfaction b. Forecasting c. Capacity planning d. Location e. Inventory management f. Layout of the store g. Scheduling 3. What are some of the ways Wegmans uses technology to gain an edge over its competition?
Answer:
1. How do customers judge the quality of a supermarket?
They judge the quality of a supermarket depending on their values and most urgent needs.
Customers who value quality, and even luxury, will say that a good supermarket is one that offers high quality products.
Customers who value price, will prefer a low-cost supermarket.
2. Indicate how and why each of these factors is important to the successful operation of a supermarket:
a. Customer satisfaction - a very important factor because it determines how well the supermarket is serving its customers.
b. Forecasting - the supermarket needs to forecast all sorts of things, from, sales forecasts, to profit forescasts, to costs forecasts.
c. Capacity planning - the supermarket needs to know what it is actually able to do, and what projects it can embark on, for this, it needs to do a lot of capacity planning.
d. Location - Location is extremely important for a supermarket. It determines a large part of the customer demand because customers prefer supermarkets to be close to where they live.
e. Inventory management - Supermarkets need to manage inventories carefully, specially because a lot of the goods that a supermarket sells, are perishables.
f. Layout of the store - The Supermakert needs to be careful when determining the layout of the store. Customers want a layout that is easy to navigate, and where goods are placed according to a coherent classification.
g. Scheduling - The supermarket needs to establish a convenient schedule for its customer base.
What are some of the ways Wegmans uses technology to gain an edge over its competition?
Wegmans is characterized for its early adoption of ground-breaking technologies. For example, recently Wegmans developed a mobile application to assist blind shoppers.
Please help, please
QUESTION 2 of 10: You have enough inventory ($3,000,000) to last 30 days for the current orders being processed. However, a new order came in today, which has to be fulfilled in 15 days. This new order will deplete your inventory completely by that time. How much money in inventory must be ordered to last the month? O a) $1,000,000 Ob) $1,250,000 O c) $1,500,000 O d) $3,000,000
Answer:
c) $1,500,000
Explanation:
Typically inventory for $3,000,000 will last for 30 days. The current order will be depleted by the 15th, which is half of 30 days. You require inventory to run for another 15 days. The inventory required will be half or $3,000,000
=$3,000,000 /2
=$1,500,000
Which of the following is an example of a trend in ethics and social responsibility?
O strategic giving
O the addition of a fifth level to the social responsibility pyramid
O limits placed on employee empowerment
O decreased concern about international ethics
O all of the above
Strategic giving can be defined to be an example of a trend in ethics and social responsibility.
What is ethics and social responsibility?This can be defined as the ethical theory that has it that people should have to be held accountable for the ways that would have to fulfill their civic duties. It has to do with all of the actions that a person would perform in the society that is capable of benefitting the entire society at large.
Hence we can say that strategic giving can be defined to be an example of a trend in ethics and social responsibility.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Question: The Gross National Product (GNP) Of A Certain Country Was .N(T) = T2 + 5t + 106 Billion Dollars Years After 1980. At What Rate Was The GNP
The rate of growth of GNP is 2t + 5 million dollars per year.
To determine at what rate the Gross National Product (GNP) was growing, we have to differentiate the equation of the GNP with respect to time (t).The Gross National Product (GNP) of a certain country was .N(t) = t2 + 5t + 106 billion dollars years after 1980.
We need to find the rate of growth of GNP.
Using the power rule of differentiation, we can differentiate the above equation with respect to time (t).Therefore,N'(t) = d/dt (t² + 5t + 106)N'(t) = 2t + 5We now have the derivative of the GNP equation with respect to time (t). It tells us the rate of change of GNP concerning time (t).Therefore, the rate of growth of GNP is given byN'(t) = 2t + 5 million dollars per year.
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the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.
The cash flows to investors from operating activities for Oriole Mills Company is $543,973.
To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:
Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities
Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:
Net Income:
Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927
Net Income = $269,373
Depreciation Expenses = $179,600
Non-Cash Interest Expenses = $94,000
Changes in Working Capital:
Increase in Current Assets = 0 (no information provided)
Increase in Current Liabilities = 0 (no information provided)
Decrease in Current Assets = 0 (no information provided)
Decrease in Current Liabilities = 0 (no information provided)
Finally, we can calculate the cash flows to investors from operating activities:
Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0
Cash Flows from Operating Activities = $543,973
Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.
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Your restaurant has an annual advertising budget of $6000 and you spent $82.50 per month on social media advertising what percent of your budget is spent on social media advertising.
Answer:
17%
Explanation:
ABC Co. has an average collection period of 45 days and an operating cycle of 130 days. It has a policy of keeping at least $10 on hand as a minimum cash balance, and has a beginning cash balance for the first quarter of $10. Beginning receivables for the quarter amount to $35. Sales for the first and second quarters are expected to be $110 and $125, respectively, while purchases amount to 80% of the next quarter's forecast sales. The accounts payable period is 90 days. What is the ending cash balance for the first quarter
Answer:
hile purchases amount to 80% of the next quarter's forecast sales. The accounts payable period is 90 days. What is the ending cash balance for the first quarterResearch about Alexander Hamilton Maria Reynolds Scandal.Djiboli Rapper is bad, followed by its level and its intention.
There is no one Jibouli of us who follows his intention.
With the group
You don't get like godfather in rap.
Seriously, and what I perfect from my childhood, I fell in love with rap.
I became a rap artist.
I burned for most of the rap.
I suffered in my life and patience Lynn Masmni Godfather.
.
Anyone has any right to philosophize and say how is his guardian.
I love the art of rap
I am a fan of the art of rap
I woven it for rap
So they called me the godfather
I am the one who opened this door and opened people's eyes to it
Anybody's money any right to philosophize and tell how his guardian
I hear about young people wearing their heads down
And whoever prevents me from hurting them and turning their lives into misery
On the day I ask about them, I want to sing them. I want to know who they are.
If I extend my hand on him, his tears will fall before the palm
I ask about his past, they tell me he was sniffing
Ok, in this case I do not respond to the same quality
A little chickens shout that you don't get any harm
I know hypocritical people hand out smiles
In my face when they meet me loudly laughing
Open your mouth at the end and laugh, I mean, you became my friend
Huh
I think you count my mind by intentions
Wind your face muscles do not smile much
Do not be deceived that I am a young man in front of you
I am over with the hawks. Mali is the chicken sitting
And the falcon empty a falcon is not as well as what we need
After the incarceration, my darling, my eyes changed the perception that a friend is a friend
And I understood my life as a lesson, no one who said I am your brother, I mean, I have no
The first of them are the people who disappeared from my detention
I will not hold and do the same as some people
Sell me Sabouni, I love to knock the head off
If my life passed a mistake I will not regret it
But he took it as a lesson in my life and made it a basis for meساعات أجلس لحالي أقعد فيها أفكر.
أتذكر أشياء كثيرة كنت فيها معاك مقصر.
اتندم على كل لحظة ذرفتي فيها علشاني الدمعة.
علقتي فيا آمالك كنتي تقيدي في دربي الشمعة.
يا عمري أبغاك تكون.
أحسن واحد في الكون.
وهذا كلامك لي ولجل عيونك أحاول إني أكون.
حبيبتي اسمعيني.
حطي عينك في عيني.
أنا عند حسن ظنك مع الأيام بتشوفيني.
الإنسان اللي تمنيته.
على كثر أغلاطه تحملتيه.
صدقيني يالعزيزة انه يحبك زي مانتي تحبيه.
أمانة ما أبغى أشوفك زعلانة مني في يوم.
ما أبغى أشوف قلبك مهموم.
لأنك بالنسبة لي أنت الحب الحقيقي.
ما أتوقع من غيرك أقدر أكمل طريقي.
كل همك في الدنيا إنك تشوفيني في القمة.
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Question 2 of 10
As an employee, which of the following is a situation where you would make a
report to OSHA?
A. Your employer did not notify OSHA within one hour of a workplace
hospitalization.
B. Your employer informed you about chemical hazards in the
workplace.
C. Your employer fired you for not taking the required safety
precautions.
D. Your employer requires workers to buy their own safety
equipment.
The final option is the best choice because Your employer mandates that employees purchase their own safety gear.
What does OSHA stand for?A situation where workers are immediately at risk of serious physical harm or death is OSHA's top priority for inspection. Any fatality, catastrophe, or accident requiring the hospitalisation of three or more employees receives second priority.
The Occupational Safety and Health Administration (OSHA) was established by Congress with the Occupational Safety and Health Act of 1970 to ensure that workers have safe and healthy working conditions by establishing and enforcing standards as well as by offering outreach, education, and assistance.
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Account no. Account Description
101 Cash at bank
102 Accounts receivable
110 Office supplies
120 Office equipment and furniture
130 Motor vehicles (s)
201 Accounts payable
210 Bank loan
301 Share capital
401 Revenue
510 Rent expense
520 Electricity expense
530 Advertising expense (s)
540 Bank charges (s)
550 Interest expense (s)
560 Wages expense
Prepare journal entries for the following
30/03-Entered into a contract for delivery of electric vehicle, at a cost of $20000 which is to be used for the business. The vehicle will be delivered in 2 weeks’ time. No cash payments have yet been made in relation to the contract.
30/3-Invoice received from the local nurseries association for advertising of $1,300. The invoice was paid by transfer from the business bank account
A bank Account Description is a type of financial account that is kept by a bank or other financial organisation and is used to record financial transactions between the bank and its clients.
What are the steps to opening a bank account?To open an account, you must select a bank and give that bank the required documentation, such as identity and proof of address. Typically, in order to qualify, you must be at least 18 years old. To avoid fees, you may also need to fill the account or maintain a minimum level.
What is the account no?When you open a bank account, you are given a specific set of digits called a bank account number. Such numbers will be assigned by financial organisations to every account you have.
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Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350,000 and the apartment building has a fair market value of $320,000.a. What is Shawn’s realized gain or loss and the basis of the apartment building?b. What alternative could you suggest to Shawn?
Answer:
a.$30,000
b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.
Explanation:
a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building
Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred
b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.
how long can a driver be on the road before he has to take a break
Answer:
A driver must take a 30 minute break for every 6-8 hours on the road.
Explanation:
List three things that you would list on both your resume and your job application.
Answer:
Name and Contact info
relevant skills
professional history
Explanation:
Differenciate the different Between economic and Commercial activities
Answer:
Explanation:
Commercial activities include those features of an economy that are bound to the interchange of commodities, services, and labor exercises, whereas, economic activity draws and encourages a variety of industries.
Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.
You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.
Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).
Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.
Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.
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The personal, social, and economic significance of the purchase to the consumer, which is known as the level of __________, may cause him or her to skip or minimize one or more stages in the consumer purchase decision process.
The answer is ,The personal, economic, and social significance of the purchase to the consumer, which is known as the level of involvement, may cause them to skip or minimize one or more stages in the consumer purchase decision process.
What is the straightforward definition of a consumer?Consumers can be an individual or a group of individuals who buy or consume goods and services only for their own use, not for production or resale. In the sales distribution chain, they are the end users.
What is a consumer, and what are some examples?They are the final consumers in the supply chain for goods and services. In fact, the customer may not always be the purchaser. Toys, for instance, are purchased by parents but are used by young children.
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Dmitri was complaining about his workload before the staff meeting began. Later, when the manager announced that 12 parking spaces would be lost due to construction across the street, he raised his hand and asked, "Then where exactly do you expect us to park?" The manager tried to provide some recommendations, but Dmitri continued to complain until the manager gave up and announced the meeting was over.
What could Caroline do to make the next meeting more effective and productive?
A. Bring a positive attitude
B. Dominate the conversation
C. Help summarize
Answer:
A
Explanation:
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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Drag each label to the correct location on the image.
Identify the parts of the database table.
All of the data in a database is stored in tables, which are database objects. Data is logically arranged in tables using a row-and-column layout akin to a spreadsheet. Each column denotes a record field, and each row denotes a distinct record.
A table is a group of related data stored in a database in a table format. There are rows and columns in it. A table is a collection of data components that use a model of vertical columns and horizontal rows in relational databases and flat file databases. The unit where a row and column cross is called a cell.
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The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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3 factors that caused human trafficking
Answer:
Mass eviction, war, extreme poverty, a lack of access to education and work prospects, violence, and destructive societal norms such as child marriage are all elements that drive people into trafficking situations.
Explanation:
If TechCor has fixed costs of $60,000, variable costs of $1.20/unit, a sales price/unit of $7, and depreciation expense of $25,000, what is its cash breakeven in units?
Answer:
Break-even point (units)= 10,345
Explanation:
Giving the following information:
Fixed costs= $60,000
Variable costs= $1.20/unit
Selling price= $7
Because it is asking the cash break-even analysis, we will not include the depreciation expense. It is a cost but does not require a cash disbursement.
TO calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point (units)= 60,000 / 7 - 1.2
Break-even point (units)= 10,345
Famous Furniture Manufacturing Company reported the following information for 2019:
Beginning work-in-process inventory $130,000
Beginning raw materials inventory 47,500
Ending work-in-process inventory 112,500
Ending raw materials inventory 60,000
Direct material used 75,000
Direct labor 93,000
Applied manufacturing overhead 70,000
Actual manufacturing overhead cost 62,000
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Required:
How much would Famous Furniture Manufacturing report as cost of goods manufactured at year-end?
Answer:
$255,500
Explanation:
Prepare a Cost of Goods Manufactured Schedule to determine the cost of goods manufactured.
Cost of Goods Manufactured Schedule
Direct material used $ 75,000
Direct labor $ 93,000
Applied manufacturing overhead $ 70,000
Add Beginning work-in-process inventory $130,000
Less Ending work-in-process inventory ($112,500)
Cost of goods manufactured $255,500
Which of the following statements are true about recession?
a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
b. Before a recession, the rate of change in government spending tends to decrease, which leads to an increase in the real GDP.
c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
d. During a recession, the rate of change in government spending tends to decrease, which leads to a decrease in the real GDP.
The TRUE statements about recession are as follows:
a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
What are recessions?Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.
Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.
Thus, the true statements about recessions are Options A and C.
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