The ability to purchase a product is a function of buying power, willingness, and authority. Buying power refers to the amount of resources or money a person has available to make a purchase.
Willingness refers to the desire and willingness of a person to make the purchase. Authority refers to the ability of a person to make the decision to purchase, such as in a corporate or family setting. While desire and needs also play a role in the decision to purchase, without the ability to actually make the purchase through buying power, willingness, and authority, the desire and needs become irrelevant.
While desire and needs are also important factors in determining whether someone may want to purchase a product, they do not necessarily translate into the ability to actually make the purchase. Authority is not directly related to the ability to purchase a product, as it refers to the power to make decisions or take actions, which may or may not involve purchasing decisions.
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i. Rohit after doing his graduation has decided to run a retail shop as a source of livelihood.
ii. He procures the goods from the wholesalers according to the consumer's demand and
maintains a regular supply of goods to his customers.
[5]
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iii. Customers are well satisfied with his services due to which his sales turnover is very high
and he is earning a good return on his capital employed.
iv. Seeing his Successful business, two other retailers have also opened their shops in the same
area giving him tough competition reducing his market share and margin of profits. But
Rohit knows, in spite of his best efforts put into the business, there is always the possibility
of inadequate profits or losses.
a. Identify the economic activity Rohit is engaged in.
b. Enlist the features of identified economic activity with reference to the underlined words
in each sentence given above.
Answer:
b
Explanation:
just had the same question
Answer:
a-business is the economic activity
b-features are
profit earning- as it js essential for survival growth and expansion of business
dealings in goods and services on a regular basis - and not merely one single transactions of sale or purchase
An organization that provides services or goods to consumers and needs to make a profit is a Response area.
Answer:
Business (for profit organization).
Explanation:
A business (for profit organization) can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful and legitimate services to customers. By generating more revenue than operating costs, a business (for profit organization) is able to make profit.
Some examples of business (for profit organization) are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.
Hence, an organization that is saddled with the responsibility of providing goods or services to consumers at a given price because it needs to make a profit is a business (for profit organization).
Bob has a collision deductible of $500. He has Bodily Injury Liability coverage limit of $25,000. He hits another driver and injures her severely. The case goes to trial and there is a verdict to compensate the injured person for $40,000
a. How much does Bob have to pay?
b. How much does his insurance pay?
Bob will have to pay $500 for his collision deductible and additional $15,000 for the portion of bodily injury liability that exceeds his coverage limit $15,000. Therefore, Bob will have to pay a total of $15,500.
What is liability?Liability refers to the legal responsibility for one's actions or omissions that result in harm, damage, or loss to another party. In simple terms, liability means being accountable for something. Liability can arise from a wide range of circumstances, such as a car accident, a breach of contract, or a defective product. The party that is found to be liable is responsible for compensating the other party for any harm, damage, or loss they have suffered. Liability can be determined through various legal mechanisms, including contract law, tort law, and criminal law. In business, liability is an important concept to understand, as it can have significant financial and reputational consequences. Properly managing liability is essential for protecting oneself and one's business from potential legal claims.
Liability that exceeds= $40,000 - $25,000 = $15,000
Total= $500+ $15,000=$15,500
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How can discussions,projects,campaigns and events support victims of xenophobia
Answer: They can raise awareness
Explanation:
Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.
Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.
13 Angie's Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 9% of the cookies will crack and be discarded. Angie wants a 65% markup on cost and produces 100 cookies. What should Angie price each cookie? (Round your answer to the nearest cent.)
Angie's Bake Shop produces 100 birthday chocolate chip cookies at a cost of $2 each. However, Angie expects that 9% of the cookies will crack and be discarded, which means that only 91% of the cookies will be available for sale. So, there are 91 cookies (100 x 0.91) left for sale.
Angie wants a 65% markup on cost, which means she wants to earn 65% more than the original cost of $2 per cookie. To calculate the markup amount, we can multiply the cost by the markup percentage: $2 x 0.65 = $1.3. Adding this markup to the original cost gives us the new selling price of $3.3 per cookie. However, since we have only 91 cookies left for sale, the total revenue from selling these cookies needs to be distributed over the initial 100 cookies produced to account for the losses due to cracked cookies. To find the adjusted selling price, we need to divide the total revenue by 100 cookies: (91 cookies x $3.3) / 100 cookies ≈ $3.00 per cookie.
Therefore, Angie should price each birthday chocolate chip cookie at approximately $3.00 to achieve her desired 65% markup on cost and account for the 9% of cookies that will be discarded.
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State two ways by which hotels may promote sales during the off season
Answer:
Use off-season imagery on your website. ...Create content dedicated to the off-season. ...Build content around weddings, meetings, sporting events. ...Update your ad copy with off-season friendly verbiage. ...Create campaigns that market off-season amenities...Explanation:
Hope it helps u
FOLLOW MY ACCOUNT PLS PLSExplain the term economic activity
Answer:
Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.
Explanation:
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What are the positive environmental trends seen today?
Many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive.
choose one of those 3 option to fill the blank(___)
Although they may seem pricey, many sectors are moving toward renewable energy sources in an effort to limit their use of ozone-depleting compounds as seen in environmental trends.
Renewable energy is energy that is derived from resources that can be renewed naturally through time, on a human timescale. It comes from a variety of sources, including sunlight, wind, water currents, and geothermal heat. Some renewable energy sources are not sustainable, despite the fact that most of them are.
For instance, certain biomass sources are regarded as non-sustainable at the present rate of extraction. Air and water heating and cooling, as well as stand-alone power systems, are frequently powered by renewable energy. Although initiatives involving renewable energy are often large-scale, they are also suitable for rural, distant, and underdeveloped nations, where energy is frequently essential for human growth. It has various advantages when renewable energy is used in conjunction with increased electrification.
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whats the difference between life values and work values
Answer:
life values: are things you respect in your rights as a human
Authenticity Adventure Balance.
Bravery Compassion Challenge.
Citizenship Community Creativity.
Curiosity Determination Fairness.
Freedom Friendships Fun.
Generosity Growth Honesty.
Integrity Justice Kindness.
work values: are things you value and respect threw the service that you work with for example
Loyalty
A Strong Work Ethic.
Dependability and Responsibility.
Possessing a Positive Attitude.
Adaptability.
Honesty and Integrity.
Self-Motivated.
Motivated to Grow and Learn.
Strong Self-Confidence.
Brainliest please answer ANY ANSWERS WITH NO ANSWER WILL BE REPORTED
Let’s catch up with our law enforcement officer Detective Claire, who is investigating a series of jewelry thefts all over New York City. Claire has a suspect in mind but must find proof before she can charge the suspect in the crimes. As part of her investigation, Claire will need to interview a variety of experts, including some from the Government and Public Administration and the Human Services career clusters. Let’s work along with Claire to gather and assess data (or clues) about the crimes and see if they connect with her suspect.
Claire was first assigned to this case after an upscale jeweler opened his shop one morning to find several display cases empty. Distraught, he phoned police. After Claire arrived, she ordered techs to look for fingerprints and video surveillance footage. She had the owner list the stolen items so that if the thief tried to sell them nearby, police would be on the lookout.
Here is the list of stolen items the owner made, along with the value of items stolen:
TABLE 1 Stolen Item List
Stolen Item Price per item Qty Total Value
5-carat diamond necklace
$32,995
1
Emerald and diamond tennis bracelet
$19,999
3
3-carat diamond engagement ring
$25,560
5
Mother of pearl necklace
$69,000
2
Men’s gold watch
$25,850
4
Unfortunately, the smart thief wore gloves, so no fingerprints were recovered from the scene. They also wore a black balaclava to cover their face, so Claire had almost no data about the thief’s appearance to work with.
Math Problem #1
Copy the table above to your math paper and calculate the total value of items lost in the first jewelry heist.
Over the following year, there were six more heists throughout the city, with total goods stolen valued at $3.75 million. Each time, the thief left no fingerprints and always wore a mask to hide their identity. The last heist did uncover one valuable clue though. As the suspect was filmed loading the jewelry into a black duffel bag, Claire caught a glimpse of a label. When she had the tech team focus in on the bag’s label, Claire found that it was the bag from an expensive French designer.
This clue led Claire to believe that the suspect must be someone who traveled internationally, particularly to France. She reached out to James, a contact in the Foreign Service sector, who was able to verify that French and British authorities had been investigating similar crimes in their countries. James was able to forward their police reports, including this list of the value of items stolen:
TRUE OR FALSE 87) Packet filtering catches most types of network attacks.
A) TRUE
B) FALSE
The statement that packet filtering catches most types of network attacks is false.
Packet filtering involves examining the headers of packets (data units) that pass through a network and allowing or blocking them based on pre-defined rules. It primarily focuses on filtering packets based on IP addresses, ports, and protocols.
However, packet filtering alone is not sufficient to protect against more sophisticated attacks. It may not effectively detect or prevent attacks that utilize encryption, tunneling, or advanced evasion techniques. For example, packet filtering may not be able to identify and block certain types of malware, phishing attempts, or application-layer attacks.
To enhance network security, additional measures such as intrusion detection systems (IDS), intrusion prevention systems (IPS), firewalls with deep packet inspection, antivirus software, and regular security updates are often required.
Thus, Packet filtering being able to catch most types of network attacks is false.
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Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
Answer:
produce more
Explanation:
the less you have of something the more its gonna be worth
You run a cake shop. You have the following daily cost function \( O(q)=\frac{25 q+180}{q+2} \), where costs are in dollars and q represents number of cakes. If you can sell your cakes for \( \$ 15 \)
To maximize profit, you should produce and sell 10 cakes per day.
To find the profit-maximizing quantity, we need to consider the relationship between revenue and cost. The revenue earned from selling q cakes at a price of $15 per cake is given by R(q) = 15q.
The cost function for producing q cakes is given by O(q) = (25q + 180)/(q + 2). Profit (π) is calculated as the difference between revenue and cost: π = R(q) - O(q).
Substituting the revenue and cost functions, we have π = 15q - (25q + 180)/(q + 2).
To maximize profit, we need to find the quantity (q) that maximizes the profit function π.
One way to find the profit-maximizing quantity is by taking the derivative of the profit function with respect to q and setting it equal to zero. However, the derivative of the profit function in this case involves complex algebraic manipulations.
Alternatively, we can plot the profit function and determine the quantity that corresponds to the maximum point on the graph.
By plotting the profit function for various values of q, we can observe that the profit is maximized when q = 10.
Therefore, to maximize profit, you should produce and sell 10 cakes per day.
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The complete question is :
You run a cake shop. You have the following daily cost function \( O(q)=\frac{25 q+180}{q+2} \), where costs are in dollars and q represents number of cakes. If you can sell your cakes for \( \$ 15 \) . what is your daily profit function? what is your break even quantity?.
please help me!!! I literally have no clue what it is
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appraised at $225,000. For income tax purposes, what would be the basis of the apartment building
The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.
Basically, the cost basis is the purchase cost which is $225,000.
The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.
In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes
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Choose all that apply. The mortgage payment includes _____. taxes principal interest escrow PMI homeowner’s insurance
Answer:
taxes, principal interest, homeowner´s insurance.
Explanation:
Mortgage payments include four parts called PITI, Principal, which is the normal payment of the loan, or the payment needed that is debited to the loan, then the taxes, the interests, and the homeowners insurance, this 4 elements make up for the main monthly payments.
The mortgage payment includes taxes, principal interest, and homeowner’s insurance. The correct options are a, b, and d.
Taxes, principal interest, as well as homeowner's insurance are a few of the items included in the mortgage payment.
1. Taxes: A portion of the mortgage payment is towards property taxes, which typically go to the local government. Schools, roads, and essential services are just a few of the public services that are supported by these levies. 2. Principal and interest: The principal borrowed and the interest accrued by the lender are both paid back with a portion of your mortgage payment. The initial sum of money borrowed to buy the house is known as the principal, and the cost of borrowing the funds is known as the interest.
3. Homeowner's insurance: This sort of insurance shields you and your possessions against harm or loss brought on by calamities like fire, theft, or natural catastrophes. Your monthly mortgage payment includes a percentage for this insurance.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Nonprofit organizations face __________ regulations when compared to the requirements of for-profit businesses.
A.
less
B.
more
C.
similar
D.
flexible
Please select the best answer from the choices provided
A
B
C
D
Answer:
b more
Explanation:
because non profits receive better benefits from the government so they have to follow stricter regulations
Answer:
B: more
Explanation:
got it right on edg 2021
A ___________ is established when an individual confers legal title to property to another person or institution to manage the property for one or more beneficiaries.
Answer:
personal trust
Explanation:
Lyon Company had the following transactions: Apr. 8 Issued a $6,000, 60-day, six percent note payable in payment of an account with Bennett Company. May 15 Borrowed $40,000 from Lincoln Bank, signing a 60-day note at nine percent. Jun. 7 Paid Bennett Company the principal and interest due on the April 8 note payable. Jul. 6 Purchased $14,000 of merchandise from Bolton Company; signed a 90-day note with ten percent interest. Jul. 14 Paid the May 15 note due Lincoln Bank. Oct. 2 Borrowed $30,000 from Lincoln Bank, signing a 120-day note at nine percent. Oct. 4 Defaulted on the note payable to Bolton Company. Required a. Record these transactions in general journal form. b. Record any adjusting entries for interest in general journal form. Lyon Company has a December 31 year-end. Round answers to nearest dollar. Use 360 days for interest calculations.
Answer:
Lyon Company
General Journal with adjusting entries for interest expense:
Date Account Titles Debit Credit
Apr. 8 Accounts payable
(Bennett Company) $6,000
6% Note payable (Bennett Company) $6,000
To record the issuance of a 60-day note at 6% interest.
May 15 Cash $40,000
9% Note payable (Lincoln Bank) $40,000
To record the issuance of a 60-day note at nine percent.
Jun. 7 6% Note payable
(Bennett Company) $6,000
Interest expense $60
Cash $6,060
Jul. 6 Inventory $14,000
10% Note payable (Bolton Company) $14,000
To record the purchase of inventory by issuing a 90-day note.
Jul. 14 9% Note payable
(Lincoln Bank) $40,000
Interest expense $600
Cash $40,600
To record the full settlement of the note with interest.
Oct. 2 Cash $30,000
9% Note payable (Lincoln Bank) $30,000
To record the issuance of a 120-day note at 9% interest.
Oct. 4 10% Note payable
(Bolton Company) $14,000
Interest expense $350
Accounts payable (Bolton Company) $14,350
To record the default on payment of the note payable.
Explanation:
a) Data and Analysis:
Apr. 8 Accounts payable (Bennett Company) $6,000 6% Note payable (Bennett Company) $6,000 60-day
May 15 Cash $40,000 9% Note payable (Lincoln Bank) $40,000 a 60-day note at nine percent.
Jun. 7 6% Note payable (Bennett Company) $6,000 Interest expense $60 Cash $6,060
Jul. 6 Inventory $14,000 10% Note payable (Bolton Company) $14,000 a 90-day note
Jul. 14 9% Note payable (Lincoln Bank) $40,000 Interest expense $600 Cash $40,600
Oct. 2 Cash $30,000 9% Note payable (Lincoln Bank) $30,000
a 120-day note
Oct. 4 10% Note payable (Bolton Company) $14,000 Interest expense $350 Accounts payable (Bolton Company) $14,350
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
As Jane was setting up her projector, she realized that the images on the screen appeared blurred. How would Jane sort out the issue by herself?
A.
check that the monitor is connected properly with the projector
B.
adjust the distance between the screen and the projector
C.
make changes in the system settings
D.
adjust the focus
D.
adjust the focus
make it not blury
Explain how you would apply any five pricing techniques to attract ccustomers
Answer:
1. Price skimming. Skimming involves setting high prices when a product is introduced and then gradually lowering the price as more competitors enter the market. 2. Market penetration pricing 3. Premium pricing. 4. Economy pricing. 5. Bundle pricing. (these are just some that I know)
Explanation:
Supply and Demand can influence a jobs ____?
Answer:
affecting wages, employment levels and thus equilibrium
Explanation:
periodic or cycle counts of selected inventory items are made at various times during the year rather than during a single inventory count at year-end. which of the following is necessary if the auditor plans to observe inventories at interim dates? multiple choice complete recounts by independent teams are performed. perpetual inventory records are maintained. unit cost records are integrated with production accounting records. inventory balances are rarely at low levels.
If the auditor plans to observe inventories at interim dates, it is necessary that perpetual inventory records are maintained.
Perpetual inventory records keep track of the movement of inventory items on an ongoing basis, allowing the auditor to verify the inventory balances at any point in time. This is essential for conducting periodic or cycle counts of selected inventory items at various times during the year.
Complete recounts by independent teams may not be necessary if the perpetual inventory records are accurate and reliable. Unit cost records integrated with production accounting records and high inventory balances are not directly related to the auditor's ability to observe inventories at interim dates.
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Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.
Name:
Video #1
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #2
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #3
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
The week Julia leaves for college, her dad sells her car, without her consent. Julia is angry when she first learns of the sale but soon after realizes she needs the money. Is there an agency between Julia and her dad: yes or no (circle one) and if yes what is the formation basis?
Yes, there is an agency relationship between Julia and her dad, and the formation basis is the implied authority.
What is the formation basis hereAn agency relationship is a legal relationship between two parties, where one party (the principal) gives authority to another party (the agent) to act on their behalf in legal or business matters. The agent is authorized to act on behalf of the principal and make decisions that affect the principal's interests.
In this case, Julia's dad acted as her agent by selling her car without her consent. Although he did not have explicit authorization from Julia to sell the car, there was an implied authority, which arises when the principal (Julia) gives the agent (her dad) the impression that he or she has the authority to act on their behalf.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31 . a. On July 31 , the company's Cash account has a $25,446 debit balance, but its July bank statement shows a $27,656 cash balance. b. Check Number 3031 for $1,450, Check Number 3065 for $501, and Check Number 3069 for $2,218 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1,270 but was erroneously entered in the accounting records as $1,260. d. The July bank statement shows the bank collected $8,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $12 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. g. Branch's July 31 daily cash receipts of $9,132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of July 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
To reconcile Branch Company's cash balances, journal entries are required for outstanding checks, recording errors, unrecorded transactions, and undeposited cash receipts.
This ensures the book balance matches the bank statement balance. The entries involve debiting/crediting appropriate accounts such as Outstanding Checks, Rent Expense, Accounts Receivable, and Miscellaneous Expenses. By making these entries, the company's book balance of cash will be adjusted to match the reconciled cash balance on the bank statement, ensuring accurate financial reporting and an accurate representation of the company's cash position.
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a manager taking a human resource approach to team management should stress: a. leadership authority. b. reutilization of tasks. c. employee involvement. d. a focus on task-objectives.
A human resource approach involves developing relationships between employees and their managers, encouraging open communication, giving employees more control over their work, and creating an environment where everyone has a sense of ownership in their work. Therefore the correct option is C.
The other three options - leadership authority, reutilization of tasks, and a focus on task-objectives - are all components of a successful team management system, but they should not be the primary focus when taking a human resource approach.
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