Based on the above facts, the bad debt expense for 2021 for Fabeck Finishing Corporation is $12.
What is the bad debt expense?The bad debt expense represents some account receivables recognized as uncollectible.
Under the allowance method, the bad debt expense is the difference between the debit and credit entries in the Allowance for Uncollectible Accounts.
Under the direct write-off method, the bad debt expense is the actual bad debt incurred when some specific receivables are deemed uncollectible and therefore written off.
Allowance for Doubtful Accounts2020:
Account Titles Debit Credit
Accounts receivable $2
Bad Debts Expense $27
Balance $25
2021:
Balance $25
Accounts receivable $12
Bad Debts Expense $12
Balance $25
Thus, Fabeck Finishing Corporation will recognize a bad debt expense of $12 for 2021.
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The process of forming judgements about what could happen in the future and which actions are worth your investment is called.
Answer:
It is called Justifying
the relationship between the factors of production used by a firm and the maximum output possible is called the
In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
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a vendor charges $50 every time a technician travels to your office and $100 per hour for the time worked. track the travel cost in the field for a resource.
Cost/Use; work It can be calculated by evaluating the cost or ose field in the work section to know about the travel cost. Other options are not relevant here.
A cost is the worth of money that has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to obtain it. In this instance, the input required to obtain the item is money. This acquisition cost could include both additional transactional costs incurred by the acquirer over and beyond the price given to the producer, as well as the cost of production borne by the original producer. In most cases, the price also includes a profit margin above the cost of manufacture.In most cases, the price also includes a profit margin above the cost of manufacture.
CORRECT QUESTION:
A vendor charges $50 every time a technician travels to your office and $100 per hour for the time worked. Track the travel cost in the _____ field for a _____ resource.
Select an answer:
Cost/Use; work
Travel Cost; work
Standard Rate; work
Cost/Use; material
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as a promotion technique, samples are often used for new products when _________ will influence the diffusion of the product.
Samples are frequently utilized as a promotion tactic for new items, where trialability will impact product dissemination.
What is the meaning of promotion technique?Promotional methods are used by businesses to market, promote, and sell their products. Elements such as product kind, marketing budget, target demography, and so on influence a company's promotional approach.
The ease or simplicity with which customers may test a product or service is characterized as trialability. This is especially beneficial when new and innovative items are introduced. Customers will need to sample it before purchasing, and if they have a positive experience, it will increase product sales.
If a product has good trialability outcomes, the consumers who completed the trials will market the product for the firm, resulting in increased product dispersion.
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Which of the following indicates the length of a channel?
A.
The number of retailers in the channel
B.
The number of wholesalers in the channel
C.
The number of intermediary levels in the channel
D.
The number of final consumers in the channel
E.
The number of producers in the channel
The statement which correctly indicates the length of a channel is: C. the number of intermediary levels in the channel.
What is marketing?Marketing simply refers to a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of products (goods) and services, in order to meet the demands, and unending needs of the end users (consumers) through advertising and market research.
What are the types of marketing channel?In Business management and marketing, there are two types of marketing channel and these include the following:
Indirect channel.Direct channel.In conclusion, marketing intermediaries are a part of the channels of distribution and they are saddled with responsibility of transporting goods and services from the producers (manufacturers) to business firms and from businesses firms to consumers, thereby, influencing the length of a channel.
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the most expensive loans are available from: multiple choice friends. parents. credit unions. finance companies. federal savings banks.
The most expensive loans are available from finance companies, retailers, and from credit card companies. That is the only true answer.
n order for a confession to be acceptable in court, it must be blank and voluntarily given.
In order for a confession to be acceptable in court, it must be freely and voluntarily given.
A confession is defined as a voluntary admittance, proclamation, or acknowledgment (created verbally or in writing) by an individual the one has dedicated a crime or a misdemeanor asserting that they dedicated the misconduct/displeasure or participated in an allure commission. Under the 14th Amendment of the U.S. Constitution, the rules of a government demand that all confessions obtained for one lawman must be willing.
Voluntary false confessions are likely outside some external pressure from the lawman. Most often, the public voluntarily makes use of the police station and caution the lawman that they have dedicated misdeeds reported on video or in newspapers. Voluntary dishonest assertions occur for various reasons.
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melvin is moving his small business from his basement to an office building now that he has five full-time employees. what type of enterprise ap should he choose when setting up the new office's wlan?
When configuring the WLAN at the new workplace, Melvin ought to select Fat AP.
What is Fat AP?An access point (AP) in wireless local area networks (WLANs) with enough program logic and processing capacity to enforce access and use regulations on its own, independent of a centralized controller. (A fat AP, for instance, might take data from a RADIUS server.)
Everything is contained within a fat wireless access point. It must manage clients who are wireless. In the event that the end-user installations multiple Fat Wireless Access Points, each one must be configured separately.
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in order to cater to local tastes and culinary traditions, a well-known restaurant chain offers customized versions of its menu in different countries. this is an example of a(n) strategy.
In order to cater to local tastes and culinary traditions, a well-known restaurant chain offers general versions of its menu in different countries. This is an example of a multi-domestic strategy.
What is strategy?A strategy refers to a general plan for achieving one under uncertain circumstances. In the sense of "the art of the general", which includes some subset of skills including military tactics, siege warfare, logistics, etc., the term came into use in Byzantine parlance in the 6th century AD and was translated into the West. Indigenous languages until the 6th century AD in the 18th century. From then until the twentieth century, the term "strategy" was used in military conflicts in which both adversaries interacted, "in a dialectic of the will, a holistic attempt to pursue a political objective, including the threat or actual use of force." Strategy is important because the resources available to reach your goals are usually limited. Strategy generally involves setting goals and priorities, identifying actions to achieve goals, and mobilizing resources to carry out actions. Strategy describes how to achieve a goal using means. Strategy can be intentional or can emerge as patterns of activity as an organization adapts or competes in its environment.Includes activities such as strategic planning and strategic thinkingTo learn more about strategy from the given link :
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true or false? advertising, public relations, and campaigns are best described as the promotion component of the marketing mix.
The statement is True. Advertising, public relations, and campaigns are best described as the promotion component of the marketing mix.
A marketing mix includes a couple of regions of focus as a part of a comprehensive marketing plan. The term regularly refers to a not unusual category that commenced as the four PlayStation: product, charge, placement, and merchandising. Effective advertising and marketing touch on an extensive range of areas as opposed to fixating on one message.
Facilitates recognizing what your services or products can offer to your customers. Helps plan a successful product presentation. Helps with making plans, and developing and executing effective advertising techniques. Allows groups to employ their strengths and keep away from pointless costs.
The advertising mix is the set of controllable, tactical marketing gear that an enterprise makes use of to provide the desired response from its goal marketplace. It includes everything that a business enterprise can do to steer demand for its product. It is also a tool to help to advertise making plans and execution.
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is used to rank a company's products to determine which products represent the best use of the firm's resources, or, perhaps, to determine which products are to be eliminated.
The product-through-price analysis is used to rank an employer's products to determine which products constitute the satisfactory use of the firm's assets, or, possibly, to determine which products are to be eliminated.
Product via cost analysis is a tool used in cost accounting in corporations with a variety of products. The analysis lists all merchandise in order of declining in line with the unit contribution margin and includes the whole contribution margin generated by each product.
A product fee is a gain that a customer gets via the use of a product to fulfill their desires, minus related costs.
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The product-by-value analysis is used to rank a company's, assembly drawing lists the operations necessary to produce the component: is used to rank a company's products to determine.
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal, or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Companies are the plural version of the word company. You will use this form of the word when you are referring to more than one company. It can be easy to think that the proper plural spelling of company is company's, but since it ends with a Y, the company is an exception.
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james is a manager from tennessee working at a tech support center in india. he is a firm believer in the minimum wage and treating employees fairly. yet he sees his assistant manager firing one employee and hiring his neighbor at a lower rate. james confronts his assistant manager, claiming this behavior isn't consistent with home-country standards. which philosophical approach to ethics does james represent? multiple choice question. naive immoralist utilitarianism cultural relativism righteous moralist
Utilitarianism is the philosophical approach James represent in the given situation.
What is Utilitarianism?Utilitarianism is a philosophical theory that favors actions that promote happiness and pleasure and rejects actions that cause unhappiness and harm. When oriented toward making social, economic, or political decisions, utilitarianism philosophy aims at improving society as a whole. Utilitarianism is an ethical theory that distinguishes between good and evil by focusing on outcomes. Utilitarianism holds that the most philosophical choice is the one that produces the greatest profit for the greatest number. For example, there is the utilitarian idea that when choosing your own ice cream, you should choose the flavor that gives you the most pleasure. For those who love chocolate and hate vanilla, choose chocolate for its pleasure and avoid vanilla for the resentment it causes.To learn more about Utilitarianism from the given link :
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radial tires, a tire manufacturer, posts an advertisement inviting applicants to pursue a role as an associate marketing manager. the company has specified that the job will involve managing marketing channels, executing tradeshow events, and collaborating with the advertising team. this is an example of a job
As radial tires posts an advertisement inviting applicants to pursue a role as an associate marketing manager, which specified that the job will involve managing marketing channels, executing trade show events and collaborating with the advertising team, this is an example of a job advertisement.
What is a job advertisement?Basically, a job advertisement means an announcement of an open job position, that is, its informs people that a certain job position is available. It is mostly written in an engaging tone and it contains information not only about the job position but also about your company and the benefits you offer. Generally, the main goal of the job advertisement is to inform potential job candidates about a new opening and attract them to apply.
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let's say you have an investor with an noi of $40,000 and a debt service of $30,000. what is your investor's debt service ratio?
The investor's debt service ratio is 1.33.
To get the debt service ratio, divide the net operating income by the debt service
= $40,000/$30,000
= 1.33.
The capitalization price is calculated with the aid of dividing a property's net operating earnings with the aid of the modern market fee. This ratio, expressed as a percent, is an estimation of an investor's capability return on actual property investment.
Taxes, insurance, management expenses, maintenance, utilities, and reserves. Charges used to calculate NOI are Taxes, insurance, control prices, renovation, utilities, and reserves.
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darcy owns 5,000 shares of english manor properties. it is her belief that the company is unlikely to grow much over the next year. she is curious how she might generate some additional income from the position as english manor pays a paltry dividend and she asks about covered calls. you tell her that
You tell her that Writing calls against her stock position is a conservative strategy for generating income.
What Is a Covered Call?
A financial transaction known as a "covered call" occurs when a call option seller also holds an equivalent quantity of the underlying securities. An investor who has a long position in an asset can then carry out this strategy by writing (selling) call options on that same asset to create an income stream. Since the seller can deliver the shares if the call option buyer decides to exercise, the investor's long position in the asset serves as the cover.
People who plan to own the underlying stock for a long time but do not anticipate a significant price gain in the near future frequently use covered calls.
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Disclaimer- The complete question is-
Darcy owns 5,000 shares of English Manor Properties. It is her belief that the company is unlikely to grow much over the next year. She is curious how he might generate some additional income from the position as English Manor pays a paltry dividend and asks about covered calls. You tell her that
A) Writing calls against her stock position is a conservative strategy for generating income.
B) Buy puts is the best hedge against this position.
C) Writing calls against her stock position is a conservative strategy but is ineffective for generating income.
D) Selling covered calls is very aggressive but has a solid chance of generating substantial income.
baton company estimates that the amounts for total depreciation expense for the year ending december 31 will be $120,000 and for year-end bonuses to employees will be $200,000. what total amount of expense relating to these two items should baton report in its quarterly income statement for the three months ended march 31? a. $0 b. $30,000 c. $50,000 d. $80,000
The Baton company projected that the total depreciation expense for the current year is $120,000 and the year-end bonuses to employees is $200,000. In its first quarterly income statement, the expenses related to those two items should be reported $30,000 (option b).
Depreciation measures the decrease of the value of assets.
Depreciation expense is the amount of the cost of a company's fixed assets that is allocated for a specific term. Depreciation expense is recorded as a non-cash expense on the income statement, reducing the company's net income or profit.
In the income statement, the depreciation expense is debited while the accumulated depreciation is credited.
From the problem, we know that the depreciation expense for the current year is estimated to $120,000. Since the income statement is made quarterly, the depreciation expense for the first quarter (ended March 31) is 120,000/4 = 30,000
The expense for the employee's year-end bonuses is one time expense and therefore, not spread into quarterly income statement, only in the last statement.
Hence, the total expenses for those two items should be written as $30,000 (option b).
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a retail chain hires a company to design and install a computer network that would allow each store in the chain to check the inventory of others in the chain for customer-requested items. the retail chain purchased which kind of business products? multiple choice installations supply materials component parts accessory equipment industrial services
The correct answer is industrial services.
The provision of services to businesses and end users is a function of the service industries, more technically known as the "tertiary sector of industry" by economists. These include accountancy, trades (such as plumber or mechanic services), computer services, dining establishments, travel, etc.
While primary industries are those that dig minerals, oil, etc. from the ground and secondary industries are those that manufacture things, including builders but excluding remodeling contractors, industry is one where no items are produced.
Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing). The supply chain is the process through which items generated in the agricultural and manufacturing sectors are delivered to final customers. Some service industries involved in this process include transportation, wholesale trade, and retail trade.
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general written guidelines that dictate behavior and/or direct and constrain decision making within the organization are known as what?
General written guidelines that dictate behavior and/or direct and constrain decision making within the organization are known as Policies
What are the 5 types of policies?Various Policy Statement Categories. There are different kinds of policy declarations, and each has its own tone, scope, and objective. These cover statements about the use of human resources, money, the law, safety, and operations.A policy is an official decision made by a group of people, a commercial organization, a government, or a political party about a certain course of action: They contend that Europe requires a unified defense and foreign strategy.Public policy can be defined as the creation of three different sorts of policiesTo learn more about Public policy refer to:
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coyote loco, inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. the sales on account have been budgeted for the last seven months as follows: june $ 49,000 july 60,000 august 70,000 september 80,000 october 90,000 november 100,000 december 85,000 required: 1. compute the estimated total cash collections during october from credit sales. 2. compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.
The estimated total cash collections during October from credit sales is 218,360. The fourth quarter sales made on account during the fourth quarter is 595,000.
What are sales?Sales can be defined as the part were some goods or commodities are being sold to a consumer or a buyer.
In October, 70% of sales are collected.
The total credit sales is = 70% of 233,000 = 163,100.
In October, 15% of September sales will be recovered. 15% of 208,000 equals 31,200
In October, 10% of August sales are recovered. 10% of 179,000 is 17,900
In October, 4% of July sales are recovered. 4% of 154,000 equals 6,160
Total
= 163,100 + 31,200 + 17,900 + 6,160
= $218,360
(b) 4th quarter will be the month of October, November, and December
September: 233,000 (70% collected in October, 15% in November, and 10% in December).
= 70%+15%+10%
= 95% will be gathered in the fourth quarter
95% of 233,000
= 221,350
November sales: 258,000 (70% in Nov, 15% in December).
Total = 85%.
85% of a total of 258,000
= 219,300
December sales: $220,500 (70% will be collected in December)
= 70% of 220,500 = 154,350
Total collected amount:
= 221,350 + 219,300 + 154,350 = 595,000
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what are checkable deposits? multiple choice question. claims that depositors have against the assets of the bank claims that the bank has against the assets of fed claims that banks have against the assets of depositors claims that the fed has against the assets of the bank
Checkable deposit claims that depositors have against the assets of the bank. Thus, option 'A' is the correct option.
What are Checkable Deposits?Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.
They also include any sort of negotiable draft, such as a Super NOW account or a negotiable order of withdrawal (NOW). (Withdrawing funds from NOW accounts may be subject to a seven-day written notification requirement, however, this is seldom necessary.)
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mike sold equipment he is no longer using in his business at a loss of $4,000, and he sold investments at a loss of $8,000. mike had no other sales of property in the current year. what are the tax implications
In the current year, deduct the $4,000 loss on equipment and the remaining $3,000 loss on investments. The leftover investment loss is carried over to the next year.
Equipment definition and examplesA business might benefit from equipment throughout a number of years of use because it is a tangible long-term asset. Equipment includes things like computers, automobiles, and manufacturing machinery. They differ from intangible assets (like patents, trademarks, or copyrights) in that they have a physical form, making them palpable.
Which investments do you refer to?A purchase made with the intention of earning money or gaining notoriety is referred to as an investment. An economic outlook defines an investment as the acquisition of products that are not consumed right away but will be used to create wealth down the road.
Which four sorts of investments are there?investments for growth.
Shares.
Property.
securing investments
Cash.
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which combination of resource similarity and market commonality results in the least intense competition? a. high resource similarity, high market commonality b. low resource similarity, high market commonality c. low resource similarity, low market commonality d. high resource similarity, low market commonality
The answer is a) High resource similarity, low market commonality. combination of resource similarity and market commonality results in the least intense competition .
When a company and its rival both serve the same market, this is referred to as market commonality. For instance, businesses compete for access to capital in the financial sector (resource similarity) and for access to customer groups in the food sector.
Any pair of competitors can benefit from a framework for competitor analysis that combines resource similarity and market commonality. High resource similarity and low market commonality lead to the lowest level of rivalry between rivals.
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a market price is greater than marginal cost in a perfectly competitive market. what will allocative efficiency be at that level of production?
If the market price exceeds the marginal cost in a totally competitive market, the output won't be sufficient for allocative efficiency.
What is a competitive market?In economics, the term "competitive market" describes a market where there are many buyers and sellers and where no one buyer or seller has a significant impact on the market. Competitive markets have many buyers and sellers, few entry barriers, and uniform products.A market with intense competition is one with a competitive market structure. It is also referred to as a completely competitive market because it has lots of customers, uniform products, open entry, exit, etc.In a perfectly competitive market, if the market cost exceeds the marginal cost, the amount of output will be insufficient for allocative efficiency.Therefore, if the market price exceeds the marginal cost in a totally competitive market, the output won't be sufficient for allocative efficiency.
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management teams are similar to work teams because they focus on the accomplishment of core operational-level production and service tasks. require only part-time commitment from members. participate in managerial-level tasks that affect the entire organization. require a lot of input from members with different types of training and expertise. are designed to be relatively permanent.
Parallel teams are composed of individuals from a number jobs who furnish guidelines to managers about vital problems that run "parallel" to the organization's production process.
Which of the five elements that have an effect on crew effectiveness is the most important?In order of importance, these five factors are: psychological safety, dependability, shape and clarity, that means and impact. Let's smash these down. Let's start with psychological safety, which is the variety one factor that influences group effectiveness.
Why measurement of groups is one of the important factors that should affect the crew effectiveness?The cause the measurement is so necessary that it is the center of attention of research research has to do with processes and outcomes. Too few human beings and the team may additionally not have adequate assets or skills. Too many humans and communication becomes extra challenging.
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https://brainly.com/question/1276995#SPJ4which of the following factors does not directly impact the level of interest rates? risk marketability maturity cost of producing and distributing new currency
The cost of manufacturing and distributing new money has no direct impact on interest rates.
The interest rate is the amount a lender charges a borrower and is expressed as a percentage of the principal—the amount loaned. An interest rate can also be used to the amount earned at a bank or credit union from a savings account or certificate of deposit. The interest rate is the amount that a lender charges a borrower on top of the principal for the use of assets. An interest rate is also applied to the amount earned from a deposit account at a bank or credit union. The majority of mortgages employ basic interest. However, some loans use compound interest, which is charged not just to the principal but also to the accrued interest from previous periods.
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what is niche marketing? select one: a. a relatively small group of consumers within a segment that has a distinctive set of needs or seeks very specific benefits. b. a large group of heavy users who are loyal to a brand because it provides value at a relatively low price c. a market segment that is served by many firms and is characterized by high levels of competition d. a market segment that is characterized by high sales volumes and low prices
A) A niche market is a segment of consumers with a relatively limited number of customers who have unique demands or goals.
What does niche marketing mean?Often, niche marketing is simpler than advertising to a large audience. Niche audiences have very particular requirements and desires. A company that only sold handbags, for instance, would have to cater to a wide range of preferences and standards.
However, a company that sells handbags for new mothers that double as diaper bags has a lot more focus. Tools like Face-book ad targeting and social media monitoring have made niche marketing simpler as well.
Companies can speak directly to their audience by using niche marketing to understand the particular needs of that audience. Since niche marketing is all about forming the right connections, numerous social media platforms have improved their niche-specific targeting capabilities.
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flagstaff company has budgeted production units of 9,600 for july and 9,800 for august. the direct materials requirement per unit is 3 ounces (oz.). the company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units of budgeted production in the following month. there was 8,640 ounces of direct material in inventory at the start of july. the total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.10 per ounce, is:
The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.10 per ounce, is $31,878. Thus, option A is correct.
What is the market?"Market can be defined as a place where the individual, industry or a firm make their transaction that can be buying or selling of products or about rendering services. With the help of this they earn money. "
The cost that can be incurred is the price that the person needs to pay. Direct material to be bought:
= 9,600 x 3 + 30% x (9,800 x 3) - 8,640
= 28,800 + 8,820 - 8,640
= 28,980 * 1.10
= 31,878
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
There were 8,640 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.10 per ounce, is:
$31,878.
$22,176.
$31,680.
$41,382.
$31,482.
which of the following should a retailer implement in its retail format to reduce markdowns? multiple choice question. sell merchandise to other retailers at a deep-discounted price. purchase merchandise in large quantities. create a feeling of product scarcity among customers. seldom change the displayed products on the selling floor.
Retailers should create a feeling of product scarcity among customers to reduce markdowns.
In advertising, a product is an object, or system, or service made available for consumer use as of the patron demand; it is whatever that can be offered to a marketplace to satisfy the desire or want of a customer.[1] In retailing, products are often called merchandise, and in production, merchandise are sold as raw materials after which offered as finished items. A carrier is also regarded as a form of product. Commodities are usually uncooked materials consisting of metals and agricultural merchandise, but a commodity also can be anything extensively available within the open marketplace. In undertaking management, products are the formal definition of the challenge deliverables that make up or make contributions to delivering the objectives of the undertaking. A associated idea is that of a sub-product, a secondary but useful end result of a production technique.
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in 2010, americans had about outstanding in credit card debts not paid on time. group of answer choices $900 billion $90 billion $900 million $90 million
In 2010, Americans had about $900 billion outstanding in credit card debts not paid on time.
Revolving credit card loans result in credit card debt, a category of unsecured liability. Credit card debt can be racked up by borrowers by opening numerous accounts with various terms and credit limits. Credit bureaus will report and monitor every credit card account a borrower has. Credit card debt typically makes up the majority of a borrower's outstanding debt because these accounts are revolving and perpetually open.
Credit card debt, in general, is the total amount of unpaid balances that many borrowers carry over from month to month. Borrowers looking to make purchases with future payments postponed may find credit card debt useful.
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the two types of imperfectly competitive markets are a. monopolistic competition and cartels. b. monopolistic competition and oligopoly. c. monopoly and monopolistic competition. d. monopoly and oligopoly.
When there is imperfect competition, market structures such as monopolies and oligopolies exist.
Monopolies are defined as single seller or producer who prohibits competitors from selling the same product. A monopoly can impose price changes and create barriers to entry into the market. Monopolies are frowned upon in free-market economies because they stifle competition and limit consumer substitutes.
Economy of scale, geographic advantages, high entry costs, restricted ownership of key inputs, and government restrictions like patents are the sources of monopoly power. Monopolies can set prices and keep pricing consistent and reliable for consumers in the absence of competition.
Hence, the correct answer is "D".
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