Explain how scarcity is related to the concept of choice

Micromarketing is a marketing approach that permits an organization to goal a gap institution with a particular product or service. With micromarketing, an agency defines an audience by using a particular trait, including gender or task title, or age range, and then creates campaigns geared towards that precise group.

Micromarketing allows for saving charges because it narrows down the populace you target. Small micro-budgets are assigned for this form of advertising and marketing, and usually, it reduces the advertising charges for an organization. Micromarketing provides consumer-generated growth.

The marketing micro-environment contains different factors that a marketer has little influence over (to various stages). These surroundings consist of the business itself as properly understanding the encompassing components which are important to building a sturdy approach and gaining competitive gain.

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The Monthly benefits is  mathematically given as

Monthly benefits = 2249.315$.

This is further explained below.

The term "retirement planning" refers to the process of arranging one's finances in such a way as to save money, make investments, and ultimately disperse that money so that the individual will have enough to live off of

Retirement planning allows you the luxury of living a comfortable life after retirement

Generally, the equation for Present Value of Annuity  is  mathematically given as

[tex]P V=\frac{P}{r}\left[1-(1+r)^{-n}\right]$$$[/tex]

[tex]\Rightarrow \quad \$ 250,000=\frac{P}{0.09 / 12}\left[1-\left(1+\frac{0.09}{12}\right)^{-20 \times 12}\right][/tex]

[tex]&\Rightarrow P=\frac{\$ 250,000 \times 0.09}{12\left(1-\left(\frac{1+0.09}{12}\right)^{-240}\right]} \\[/tex]

P=$ 2249.315

In conclusion, The Monthly benefits are

MB= 2249.315$.

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Woolworths' tax rate on sold products is always subject to the current tax rate of the nation in which their operation is based.

Woolworths customers will pay Value Added Tax, its employees will pay Personal Income Tax, and the corporation will pay Company Income Tax.

Woolworths Group's tax rate is predicted to be 27.33 percent for the fiscal year that ended in June 2021.

When compared to other kinds of ownership at Woolworths, the charges are rather reasonable.

Frank Winfield Woolworth launched the first Woolworth store on February 22, 1879, in Utica, New York, as "Woolworth's Great Five Cent Store." The store flopped after appearing to be successful at first.

When Woolworth was looking for a new place to live, a friend recommended Lancaster, Pennsylvania.

Woolworths carried a wide selection of products, including its own Ladybird children's apparel line, WorthIt! value line, and Chad Valley toys.

They were also famous for selling Candyking pick-and-mix sweets. It was referred to as Woolies by the UK media, the general public, and on occasion in its own television commercials.

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if your fund earns 12% compounded annually, the accumulated balance  after 26 years is $841,870.03

What is an annuity due?

An annuity due means a series of level cash flows paid at the beginning of each period for definite number of periods, in this case, the fact that the annual savings into the college fund is made at the beginning of each year means that this is a case of an annuity due, hence, using the future value formula of an annuity due as shown below, we can determine the accumulated balance after 26 years

FV=PMT*(1+r)^N-1/r*(1+r)

FV=accumulated balance after 26 years=unknown

PMT=annual deposit=$5000

r=annual interest rate=12%

N=number of annual savings in 26 years=26

FV=$5000*(1+12%)^26-1/12%*(1+12%)

FV=$841,870.03

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The individual components of a risk management process add up to what comprises the entire system. If there is a weakness in any of the components, it may affect the entire risk management system.

To implements and manage risks, the following steps must be implemented:

Risk assessment refers to the general process or approach of identifying hazards and risk factors that have the ability to cause harm (hazard identification).

Analyze and assess the danger associated with that threat (risk analysis, and risk evaluation).

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The factors matched with the letter of the correct answer is given as below the statement:

Social factors those factors that revolve around how people relate with one another in the society.

Muslims perceptions of Halal products:  Social Factors - D.

According to PD NO. 442, every employee shall be paid a night shift differential of not less than ten (10%) percent of his regular wage.: Political Factors- C.

Imports will be more expensive - Economic factors - B.

The use of Fb page to increase marketability of the product: Technological Factors - A.

It is essential to have reliable source of supply of smooth working of the firm: Suppliers - G.

It is used for promoting, selling and distribution goods and services to ultimate consumers: Market Intermediaries - I.

The members of the society include financial institutions, shareholders, government employees: Public - E.

A person or organization that buys goods and services from a store or business: Customers - J.

They are wholesales, retailer's agents, and brokers who help the business firm to find the customers: Middleman - F.

They are threat of entry of new firms: Competition - H.

Hence, above mentioned are the correct options.

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Answer:

An increase in demand.

Explanation:

In demand for a product that a company doesnt have much of is def an increase as its rarer in stock?

Answer:

50%

Explanation:

get the work by the division of it

a) Before Alma would upgrade from the occasional-user plan to the frequent-user plan, she needs to use 110 minutes.

b) The usage rate at which Alma should switch from the frequent-user plan to the Executive Plan is when she starts using up to 250 (70 + 180) minutes because at its cost, she could make 258 minutes of executive-plan calls.

The usage rate is the ratio or percentage at which a service is charged relative to the activity base.

There are many usage rates, especially concerning telephone charges.

                              Plan Charges

Occasional User   $0.50/minute        

Frequent User      $55/month for 70 minutes of air time plus

                              $0.33/minute for any time over 70 minutes

Executive Plan      Flat fee of $75 per month for 100

                              minutes of air time plus $0.25/minute over 100

                              minutes

At 250 minutes, the total cost for the frequent user will be = $114.40 ($55 + $0.33 x (250 - 70).

At this total cost, she can make more Executive-plan calls = 258 minutes calls {100 + ($114.40 - $75)/$0.25}.

Thus, user rates are like percentages, which show the ratios of variables.

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Depreciation is assumed to occur at a constant rate when using the straight-line method.

It determines the depreciation of a certain asset over the course of a year and then subtracts that amount from the asset each succeeding year. The "straight line" in "straight-line depreciation" refers to this.

The following is the formula to determine straight line depreciation: Estimated useful life of an asset x (cost of the asset - estimated salvage value) Equals straight line depreciation.

The easiest way for figuring out depreciation over time is straight-line depreciation. For each year that an asset is useful, the same amount of depreciation is subtracted from its value using this method.

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Passing out coupons at a sporting event is an example of sales promotion.

A sales promotion is a marketing method in which an enterprise uses a temporary marketing campaign or offer to boom interest or demand for its product or service. There are many reasons a business can also choose to use sales advertising (or 'promo'), but the primary reason is to reinforce income.

There are sorts of income promotions: purchaser and alternate. A patron sales promote goals for the consumer or stop-consumer buying the product, whilst a change enabling specializes in organizational clients that may stimulate on-the-spot income

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To address the issue, we will move our store to a more appropriate location and let customers know about it.

In the workplace, critical thinking ensures efficient and effective problem-solving, thereby eliminating costly mistakes and ensuring that your organization's resources are utilized effectively. Team members that use critical thinking can link concepts, identify mistakes and inconsistencies, and frequently come to the best judgments.

Both methods of thinking call for a discussion of the issue, which results in a solution. It is possible to expand on the original issue to generate fresh solutions by using creative thinking. The goal of critical thinking is to identify solutions through analyzing the issue.

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The left over allocation is mathematically given as

Xj=746.875

This is further explained below.

A mobile allocation index offset for mobile phone technology refers to a temporal delay dividing traffic channels.

The different traffic channels hop over the allotted frequencies when a GSM mobile phone is being supplied by a cell that's also hopping over a certain set of frequencies in accordance with a hopping sequence number.

Generally,  the equation for the allocation total is mathematically given as

Xt=1st+2nd+3rd+4th weeks allocation

Therefore

Xt=582 1/2 +  275 1/2 + 189 1/8 + 280 1/4

Xt=522.125

Therefore, The allocation Jerry has to cover is

Xj=1692(3/4)-522.125

Xj=746.875

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CQ

The CQ is attached below

Answer: Excess demand is when people want more of something

and excess supply is when you have more of something than people want.

Explanation:

Answer:

a. The interest rate is 3%

b. The risk premium is 1%

Explanation:

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a. The interest rate is 4.5%, and

b. If the Risk-free rate is 2%, then the risk premium in the stock is 2.5%.

a.

Given:

Stock Price (P) = $2,000

Dividends (D) = $30

Growth Rate (g) = 3%

Required to find interest rate (r) =?

Stock Price = Dividends / (Interest Rate - Growth Rate)

$2,000 = $30 / (r - 0.03)

r - 0.03 = $30 / $2,000

r - 0.03 = 0.015

r = 0.015 + 0.03

r = 0.045

The interest rate for the stock is 4.5%.

b.

Given:

Risk-free rate = 2%

Interest rate (required rate of return) from part a = 4.5%

Required to find risk premium =?

Risk Premium = Interest Rate - Risk-free rate

Risk Premium = 4.5% - 2%

Risk Premium = 2.5%

When compared to a risk-free investment, such as a government bond, the excess return an investor anticipates receiving for taking on the risk of investing in a specific stock is known as the risk premium.

Therefore, the interest rate and risk premium are 4.5% and 2.5% respectively.

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A company has made a profit  When the credit amount is higher than the debit amount in the income at the end of an accounting period.

An accounting period, in bookkeeping, is the length almost about which control debts and financial statements are prepared.

In management accounting, the accounting period varies extensively and is decided with the aid of management. monthly accounting durations are common.

In financial accounting, the accounting duration is decided with the aid of regulation and is commonly three hundred and sixty-five days. the start of the accounting period differs in line with jurisdiction. As an instance, one entity may additionally observe the calendar year, January to December, while another might also follow April to March as the accounting period.

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1. Erkens Company’s predetermined annual overhead rate is $28 per machine hour.

2. Journal Entries to record the events that occurred during April for Erkens Company are as follows:

a. Debit Raw materials Inventory $998,400

Credit Accounts Payable $998,400

b. Debit Work in Process $643,200

Debit Factory Overhead $105,600

Credit Raw Materials $748,800

c. Debit Work in Process $310,000

Debit Factory Overhead $54,000

Credit Payroll Expenses $364,000

d. Debit Factory Overhead $78,500

Credit Depreciation Expenses $78,500

e. Debit Factory Overhead $4,900

Credit Insurance Expenses $4,900

f. Debit Factory Overhead $9,900

Credit Utility Expense $9,900

g. Debit Finished Goods Inventory $92,900

Credit Work in Process $92,900

h. Debit Accounts Receivable $113,400

Credit Sales Revenue $113,400

Debit Cost of goods sold $84,000

Credit Finished Goods Inventory $84,000

i. Debit Work in Process $294,000

Credit Factory Overhead $294,000

3-a) The amount of overapplied overhead is $41,100.

3-b) The journal entry to close overapplied overhead into the cost of goods sold on April 30 is as follows:

Debit Factory Overhead (overapplied) $41,100

Credit Cost of goods sold  $41,100

Estimated factory overhead costs = $1,596,000

Estimated machine hours = 57,000

Predetermined overhead rate = $28 ($1,596,000/57,000)

a. Raw materials Inventory $998,400 Accounts Payable $998,400

b. Work in Process $643,200 Factory Overhead $105,600 Raw Materials $748,800

c. Work in Process $310,000 Factory Overhead $54,000 Payroll Expenses $364,000

d. Factory Overhead $78,500 Depreciation Expenses $78,500

e. Factory Overhead $4,900 Insurance Expenses $4,900

f. Factory Overhead $9,900 Utility Expense $9,900

g. Finished Goods Inventory $92,900 Work in Process $92,900

Job G28 $8,900 Job G28 $84,000

h. Accounts Receivable $113,400 Sales Revenue $113,400

Cost of goods sold $84,000 Finished Goods Inventory $84,000

i. Work in Process $294,000 Factory Overhead $294,000

($28 x 10,500)

Materials                         $105,600

Payroll                              $54,000

Depreciation Expenses  $78,500

Insurance Expenses         $4,900

Utility Expense                 $9,900

i. Work in Process                          $294,000

Total Overhead           $252,900

Overapplied overhead  $41,100

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All of the aforementioned statements are true of a corporation, which: is a taxable entity; is governed by the laws of the state in which it was created; and is permitted to own property.

State laws are generally responsible for establishing and regulating corporations, and many of them adopt the ABA's Model Business Corporation Act.

The state where the firm was registered is referred to as the state of incorporation. For instance, a corporation formed in Delaware will be referred to as a Delaware Corporation, and Delaware will serve as its state of incorporation.

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Through education, experience, and training as it is nested inside the army, the Army Reserve Leadership Development activities assist in creating leaders that are flexible and adaptable. Developing Leaders for the Army (ALDS). While managing the time and resource limits presented by the Army Reserve, this method makes excellent use of Army programs for leader development.

Building leaders is the greatest way to ensure that the Total Army can adapt to whatever an uncertain future may bring, as stated in the Army Strategic Planning Guidance. The Army needs to develop leaders who can act decisively in a tactical setting.

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Johnny needs to make the adjusting entry: debit supplies expense 4900; credit supplies 4900 on January 31.

A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers. When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.

purchased supplies= $5,200

supplies at the beginning = $500

supplies at the end = $ 800

supplies in hand = ($5,200 + $ 500) - $ 800 = $ 4,900

The cost of consumables utilized during a reporting period is referred to as supplies expense. This could be one of the more expensive corporate expenses, depending on the sort of firm.

Supplies are usually considered current assets until they are used up. Once materials are used up, they turn into expenses. Supplies could count as current assets if they are highly valuable financially.

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During the acquaintance phase of leadership development, interests are C) focused on group and self.

Conjures up acceptance as true with and self-assurance in different members of the group. An instance of leadership is a shop supervisor leading the group to more income. An example of leadership is the ability to take manage a state of affairs and manual people.

Management is a pretty sought pleasant that encompasses many extraordinary talents and character developments, all of which can occur certainly in a person or be evolved over the years. You could use management abilities in any industry and any position, mainly in case you're in a leadership position or are striving for one.

“An excellent chief can inspire each person in a business enterprise to reap their very first-rate. Human capital is THE differentiator in this know-how-based totally economy that we stay in. So, management wishes to attract, encourage, and in the end preserve a lot of skills as viable.

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Matching the terms to their correct definitions is as follows:

D. Social factor:              1. Muslims' perceptions of ...

B. Economic factor:       2. According to PD No. 442 ...

C. Political factor:          3. Imports will be ...

A. Technological factor: 4. The use of FB pages ...

G. Suppliers:                  5. It is essential to ...

I. Market intermediaries:  6. It is used for ...

E. Public:                           7. The members of  ...

J. Customers​​​:                   8. A person or organization ...

F. Middleman:                  9. They are wholesalers, ...

H. Competitors:              10. They are the threat ...

According to PESTEL, the external factors that affect a business include political, economic, social, technological, legal, and environmental factors.

These external factors affect a firm's ability to market its goods and services to its customers.

The persons that assist or hinder the business from overcoming environmental factors are the public, middlemen, suppliers, competitors, market intermediaries, and customers.

Thus, the external factors and persons that create uncertainty for a business have been matched to their correct definitions.

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From the graph given, the Tax revenue produced for the government is not  given in the option hence the correction option is "None of the Above" (Option F). See the explanation below.

Reference the attached Image.

From the graph presented, we know that the tax imposed by the government on the system is going to be the same as the section labelled AB.

Hence, the tax amount can be derived by executing the mathematical operation that states:

18 - 8

= $10

Hence, the tax imposed by the government is equal to $10.

It is to be noted that at this tax rate, the quantity demanded is 60

Note that the formula for calculating Tax Revenue is given as:

Tax Revenue = Tax Amount x Total Quantity

= 10 x 60

= $600

Hence, because this value is not given among the options presented, the correct answer according to the question is thus, "None of the Above" (Option F)

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Answer:

Federal Reserve

Explanation:

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If the government share of GDP increases, the national saving rate line swings to the right. Thus, option (c) is correct.

What is government?

The term "government" refers to the system of law, power, and control that is imposed on citizens and countries. This power includes the ability to alter or create new laws that apply universally. The government is made up of different groups and individuals such as lawyers, police, politicians, judges etc.

The government's GDP increased because the spent more and provided more facilities. The national saving rate line swings to the right. One side effect was a decrease in economic growth, which was the result of less spending by the government.

Therefore, option (c) is correct.

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According to Hill's generic strategy framework, the first two stages tie together an organization's corporate strategy and marketing strategy.

It refers to those methods that businesses use to outline their plans to achieve future goals. These framework aims to demonstrate how a business or department plans to use projects and other initiatives to uphold the overall vision of stakeholders.

The Hill's Strategy Framework is considered a useful framework for strategy and development that ties up with corporate objectives. It as well provides the organizational. direction, and marketing strategy that defines how the organization will compete in its.

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Answer: A communication platform similar as social media is conclusive, and frequently works to change or impact opinions when it comes to political views because of the cornucopia of ideas, studies, and opinions circulating through the social media platform.

Explanation:

The units transferred from process A to process B are to be recorded as a journal entry as follows.

DR Work in Process B $550
CR Work in Process A $550

A journal entry is the entry that is recorded for the posting of a business transaction for the company, the company maintains the accounting records in which the entry is recorded and the entry is then posted to trial balance and then  to income statement and balance sheet.

DR Work in Process B $550
CR Work in Process A $550

The above entry records the inward of inventory in process B

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