When the Federal Reserve wants to increase the supply of bank deposits in the system and hence the money supply, they decrease the level of required reserves.
To raise or lower the amount of money in the economy, central banks employ a number of strategies collectively referred to as monetary policy. By reducing the reserve requirements for banks, the Fed can increase the money supply by enabling banks to make more loans.A portion of all deposits are held in reserves, which are the funds that banks keep in safes. Banks must maintain a minimum percentage of all deposits and are subject to strict regulations in the majority of nations just in case someone needs to withdraw some money. The required reserve is this minimum percentage.To learn more about federal reserves here
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project a will cost $250,000 to complete and is expected to have an annual net cash flow of $75,000. project b will cost $150,000 to complete and should generate annual net cash flows of $52,000. as a small company, the owner and senior management team are very concerned about their cash flow.
Project B is better due to a shorter payback period.
Project A cost = $250,000
Annual net Cash flow = $75,000.
Project B cost = $150,000
Annual net Cash flow = $52,000
The duration during which investment funds are recovered is specified by the payback period. Even net cash flow indicates that there are more positive cash inflows than negative cash outflows.
Determining the payback period for project A -
= Total cost of project A / Annual net cash flow
= 2,50,000/ 75,000
= 3.3
Determining the payback period for project B -
= Total cost of project A / Annual net cash flow
= 1,50,000/ 52,000
= 2.9
The payback for project A is 3.3 and for the project, B is 2.9
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The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows:
Per Unit
Product Cost Replacement Cost Selling Price
A $ 53 $ 48 $ 73
B 93 83 113
C 53 68 93
D 113 83 143
E 33 41 43
Selling costs consist of a sales commission equal to 15% of selling price and shipping costs equal to 5% of cost. The normal profit is 35% of selling price.
Required:
What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory? (Do not round intermediate calculations. Round final answers to 2 decimal places.)
Note that the unit value that Royal Decking should use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory are:
Product A: $73Product B: $113Product C: $93Product D: $143Product E: $43.What is the LCM Rule?The LCM rule states that the lower of cost of an item or its market value should be used for valuing ending inventory. To apply this rule, we first need to determine the market value for each product.
Note that the market value for each product can be derived as follows:
For each product, we'll compare the two values and use the lower one as the market value.
Product A:
Cost: $53
Selling price: $73
Selling costs: $73 * 0.15 = $10.95 + $53 * 0.05 = $2.65
Normal profit: $73 * 0.35 = $25.55
Market value (2): $53 + $25.55 + $10.95 + $2.65 = $92.15
Market value to use: min(selling price, market value (2)) = min($73, $92.15) = $73
Product B:
Cost: $93
Selling price: $113
Selling costs: $113 * 0.15 = $16.95 + $93 * 0.05 = $4.65
Normal profit: $113 * 0.35 = $39.55
Market value (2): $93 + $39.55 + $16.95 + $4.65 = $154.15
Market value to use: min(selling price, market value (2)) = min($113, $154.15) = $113
Product C:
Cost: $53
Selling price: $93
Selling costs: $93 * 0.15 = $13.95 + $53 * 0.05 = $2.65
Normal profit: $93 * 0.35 = $32.55
Market value (2): $53 + $32.55 + $13.95 + $2.65 = $102.15
Market value to use: min(selling price, market value (2)) = min($93, $102.15) = $93
Product D:
Cost: $113
Selling price: $143
Selling costs: $143 * 0.15 = $21.45 + $113 * 0.05 = $5.65
Normal profit: $143 * 0.35 = $50.05
Market value (2): $113 + $50.05 + $21.45 + $5.65 = $190.15
Market value to use: min(selling price, market value (2)) = min($143, $190.15) = $143
Product E:
Cost: $33
Selling price: $43
Selling costs: $43 * 0.15 = $6.45 + $33 * 0.05 = $1.65
Normal profit: $43 * 0.35 = $15.05
Market value (2): $33 + $15.05 + $6.45 + $1.65 = $56.15
Market value to use: min(selling price, market value (2)) = min($43, $56.15) = $43
Thus, it is correct to state that the unit value that Royal Decking should use for each of its products when applying the LCM rule to units of ending inventory is:
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What are some benefits of understanding how to conduct a thorough investigation, knowing when and how to conduct a student search, and implementing due process?
Based on a security search process, some of the benefits of understanding how to conduct a thorough investigation, knowing when and how to conduct a student search, and implementing due process include knowing the cause of students' failure and also understanding the possible solution.
What is a Thorough investigation?A thorough investigation is a term that is used to describe the type of investigation that requires careful examination of the investigation, such as checking the bags, the pockets, and the wardrobe.
A thorough investigation of students can be needed when there is a criminal situation or a persistent occurrence of certain actions.
The benefits of understanding how to conduct a thorough investigation are:it helps to determine the cause of failure in studentsIt helps to determine the possible solutionIt helps to know the culprit or the students involved.It helps to create possible measures against future occurrences.Hence, in this case, it is concluded that knowing how to conduct a thorough investigation is good.
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is the most widely used network media today due to low cost, manageability and high performance over short distances.
Ethernet is the most widely used network media today due to its low cost, manageability, and high performance over short distances.
Ethernet is a standard local area network (LAN) technology used to connect computers and other network devices. It is a widely adopted technology that uses a bus or star topology and supports data transfer rates of 10 Mbps, 100 Mbps, and 1 Gbps.
Ethernet uses a protocol known as CSMA/CD (carrier sense multiple access with collision detection) to detect and avoid data collision on the shared medium. Ethernet cables are available in different types, such as coaxial cable, twisted pair, and fiber optic cable.
Coaxial cable is the most commonly used for short distances, and twisted pair is used for longer distances. Fiber optics is used for even longer distances. Ethernet is highly reliable, cost effective, and easy to configure and manage. It is also widely accepted, making it the most popular network media choice today.
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which of the following can be used to encourage managers to act in the best interests of shareholders?
There may be problems with agency between management and stockholders. Since the majority of the shares in a publicly traded firm are sold in an initial public offering to the general public, the government controls the company in its entirety.
What does management mean?
Management is the process of carrying out the labour or activity required to achieve an organization's objectives in an effective and efficient manner. The procedure implies the management duties. Therefore, there is involvement in planning, organising, staffing, directing, and managing. Management theories are a collection of ideas that provide overarching principles for managing a business or organisation. They talk about how managers implement strategies to meet organisational goals and motivate workers to perform to the best of their abilities.
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examples of informal, normative institutions would include local town/city governments and the u.s. government.
False; The UN is informal and normative. Shared norms are used to influence members' behavior, and compliance is based on social responsibilities. Formal institutions are those having the power to tax and enforce the law.
What role does the UN play in the formation of a country's social and economic structure?It brings together governments, global financial institutions, donors from all over the world, and countries that contribute troops. It facilitates resource gathering and offers suggestions for initiatives that will advance peace and recovery. The United Nations Peacebuilding Fund's quick and flexible funding has allowed it to support 222 initiatives in 22 different countries.
What are the roles and duties of the UN, and how significant are they?The United Nations is an international organization founded by 51 nations with the goals of upholding international peace and security, fostering goodwill among nations, and advancing social progress, improved living conditions, and human rights. In 1945, following the Second World War, the United Nations was created.
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which of the following contributes to the unemployment rate understating the impact of labor market deficiency in the society? (1 point)
There are several factors that can contribute to the unemployment rate understating the impact of labor market deficiency in society. Some of these factors include: 1) Discouraged workers: These are individuals who have given up looking for work because they believe there are no jobs available for them.
2)Underemployment: This occurs when people are working in jobs that do not make full use of their skills or abilities, or they are working part-time but would prefer to work full-time.
3)Hidden unemployment: This refers to people who are not actively looking for work but would take a job if offered one.
Hence these are the factors that contribute to unemployment.
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what statement about the economies of atlantis and paradise island is supported by the data above? (2 points)
Industry for financial services, A large portion of the Bahamas' GDP, or about 50%, comes from the tourism industry.
What type of economy does The Bahamas have?The two primary industries driving the economy are tourism and financial services. The Bahamas' economy, which has a small industrial sector, is largely reliant on financial services, tourism, and allied services. The enormous resort Atlantis, which has a large water park, pools, a beach, restaurants, a walk-in aquarium, and casinos, is the thing that makes the city most famous.
By dredging Nassau Harbour to accommodate six cruise ships at once and constructing the bridge that links Nassau to Paradise Island, the Bahamian government made tourism a top priority. Since the Bahamas gained its independence on July 10, 1973, we have continued to commemorate that day as Bahamian Independence Day. With an average duty rate of about 30%, the Bahamas has the highest rate in the Western Hemisphere.
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question 6 options: scientists developed a flour made from dried beans. this flour can be used to make pasta and bread. this provides a nutritional advantage over pasta or bread made with all purpose flour because it provides the consumer with more
This has a nutritional advantage over pasta or bread made with all-purpose flour because it gives the consumer more fiber.
What is a client?Firms can launch products that people need and want by understanding consumer behavior, thereby increasing sales and profitability. A company is likely to lose money if it doesn't know what its customers want or how they will react to a new product's launch.
On the other hand, consumer behavior is extremely complicated because it involves a person's individual mindset, preferences and attitudes, and consumption levels. Particularly during times of financial difficulty, consumers experience a shift in their standard of living, which has an effect on their preferences and level of consumption spending.
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an insurance company insures atheletes who have multimillioin-dollar contracts and pays them a sum of money when they are injured or unable to play. athletes buy th einsurance policies as a way to protect themselves. the insurance company's decision to specialize in this type of insurance addresses their decision regarding
. the insurance company's decision to specialize in this type of insurance addresses their decision regarding is product-service mix.
A business that offers both tangible products and intangible services is known as a product-service mix. In this type of business, the quality of the service might be seen as being more significant than the actual product. For instance, lodging or instruction. Today, every product includes some combination of services and goods.
If more than one good or service is provided, different market segments are addressed, which can also result in the development of the brand's trust, leading to a sustainable business, risk can be diversified.
The product-service mix should be expanded with caution. When it is decided to increase the mix, we should take into account all the resources that the new product or service would require, as well as whether the company has the ability to distribute the new offering and whether it is profitable. The sale of the new products shouldn't have a negative effect on the sale of the already-existing offerings, and consumer expectations should be satisfied.
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Which of the following statements are TRUE about Eurodollar bonds?
I. the bonds are issued in the US
II. the bonds are issued outside the US
III. the purchasers are US residents
IV. the purchasers are foreign residents
The statement which is true about Eurodollar bonds are the bonds are issued outside the US and the purchasers are foreign residents. The correct option is second and fourth.
The Eurodollar bonds are those bonds which is a United States dollar denomination bond is issued by the overseas company and that held in a foreign institution outside both the United States and the issuer's or provider home country.
The Eurodollar bonds is issued by the organization or company to get foreign currency funding at preferable rates and terms. That's why, The Eurodollar bonds are true for the purchasers are foreign residents.
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any form of online media content that is publicly available and created by consumers or end users is referred to as
Any form of online media content that is publicly available and created by consumers or end users is referred to as user-generated content.
Any type of content that has been uploaded by users to online communities like wikis, social networking sites, and discussion forums is referred to as user-generated content. It is a product created by consumers to distribute knowledge about internet products or the businesses who sell them. User-generated content can be used for a wide range of purposes, such as problem-solving, news gathering, entertainment, consumer contact, advertising, spreading rumors, research, and many more. It serves as an example of how content creation is becoming more democratic and how traditional media structures are flattening. In 2005, the BBC implemented a platform for user-generated material on their websites, and in 2006, TIME Magazine named "You" the Person of the Year in reference to the increase in UGC production.
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Vanya Inc.'s charter authorizes 1,000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 per share. The journal entry to record this transaction will include which of the following entries? (Check all that apply.)
a. Credit to Paid-In Capital, in Excess of Stated Value for $450.
b. Credit to Common Stock for $500.
c. Credit to Cash for $500.
d. Debit to Cash for $500.
e. Debit to Common Stock for $100.
f. Credit to Common Stock for $50.
The correct entries are b, c, and f. b. Credit to Common Stock for $500: This entry is used to record the issuance of the 50 shares of stock at the initial offering price, which is $10 per share ($10 x 50 shares = $500).
c. Credit to Cash for $500: This entry is used to record the proceeds from the sale of the 50 shares of stock.
f. Credit to Common Stock for $50: This entry is used to record the difference between the $1 per share stated value and the $10 per share initial offering price ($10 per share - $1 per share = $9 per share; $9 per share x 50 shares = $450).
This $450 is recorded as a credit to the Paid-In Capital, in Excess of Stated Value account, with a corresponding credit to the Common Stock account for the same amount.
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assume an economy produces two goods, capital goods and consumer goods. if the production of capital goods increases in the current period, which of the following will occur for the current and future production possibilities curve (ppc) for consumer goods and capital goods? A movement along the current PPC and a leftward shift of the future PPC
A movement along the current PPC and a rightward shift of the future PPC
A rightward shift of the current PPC and a leftward shift of the future PPC
A rightward shift of the current PPC and a rightward shift of the future PPC
A movement along the current PPC and a rightward shift of the future PPC will occur for the current and future production possibilities curve for consumer goods and capital goods.
The PPC is an arc on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. The maximum output of two items with a fixed amount of input is measured by a production possibilities curve. The four variables of production—natural assets, labor, capital equipment, and entrepreneurship, combine to make up the input. The cost of society choosing between two different items is shown by the production possibility curve. The maximum quality of life is possible for an economy when it runs at the frontier of production possibilities or the very tip of this curve. This is because it is creating as much as it can with the resources it has available. All of the materials are not being utilised if the quantity produced falls inside the curve.
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When you see perfume or aftershave for sale on a grocery store, what are your perceptions about it's quality? How does that perception change the perfume or aftershave for sale in a high-end department store?
When I notice aftershave or perfume on sale in a grocery shop, these are my impressions of its quality:
the odour of the perfume should be pleasing.it should be easily affordable.it should be less expensive.it should not have any side effects.How does that perception change the perfume or aftershave for sale in a high-end department store?Following are some ways in which the aforementioned viewpoint alters the perfume or aftershave offered for sale in a high-end department store:
If the perfume or aftershave is authentic and of good quality, demand and supply will both grow. Sales in upscale department stores will also rise.If nice and appropriate raw materials are employed in the perfume or aftershave, customers will learn about it and the sale at a high end department shop will increase.If a perfume has a pleasing aroma, demand and supply will rise, which will improve sales in a high-end department store.In a high end department store, the sale of a product will increase if it is less priced, more accessible, and has fewer adverse effects.To know more about, demand, visit :
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layouts may be based on the equipment in use or may be based on the type offacility . jill believes that, because her factory manufactures handbags, tote bags and shoes, and all three kinds of products need sewing, beading, and embroidering, the will be most efficient.
Jill believes that, because her factory manufactures handbags, tote bags, and shoes, and all three kinds of products need sewing, beading, and embroidering, a layout based on the equipment in use will be most efficient.
A layout based on the equipment in use can be an efficient way to organize a factory when the different products being produced require similar types of equipment and processes.
In this case, since the factory is manufacturing handbags, tote bags, and shoes, and all three kinds of products need sewing, beading, and embroidering, organizing the layout based on the equipment used for these processes, such as sewing machines, beading machines, and embroidery machines can make the production process more efficient.
This is because the machines will be located close to each other, reducing the need for workers to travel long distances to access the necessary equipment, which can save time and increase productivity.
Complete question:
Jill believes that, because her factory manufactures handbags, tote bags, and shoes, and all three kinds of products need sewing, beading, and embroidering, ________ they will be most efficient.
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The _____ stage of the commander's decision cycle is where the commander and staff make adjustments to the current plan or develop new plans with the purpose of successful completion of the broader mission.
O Plan
O Monitor
O Create
O Test
The Monitor stage of the commander's decision cycle is where the commander and staff make adjustments to the current plan or develop new plans with the purpose of successful completion.
completion of the broader mission. Monitor Tasking orders are created and distributed to the executing components and forces once the JFC has accepted the JIPTL, either wholly or partially. The cooperative targeting method enables tasking orders by amplifying information required for precise force-level operation planning. Commander's Vital Information Requirements (CCIRs) are information items identified by the commander as critical to timely and effective decision making. Throughout the mission analysis, plan formulation, refining, and adaptation processes, as well as each phase of order execution. A command authority over assigned or attached forces or commands, military capacity, or forces available for tasking that is confined to the specific direction and control of movements or maneuvers within the operating area required to complete missions or tasks assigned.
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Each of the following issues must be addressed by flood mitigation strategies. For which issue is it the most difficult to assign monetary values to the costs and benefits of the flood mitigation strategy?O protecting infrastructure
O protecting communication systems
O protecting homes and businesses
O protecting ecosystems
Protecting infrastructure issue is it the most difficult to assign monetary values to the costs and benefits of the flood mitigation strategy
Hence, Option A is correct
Flood mitigation at the property level may also entail preventive measures aimed at the construction site, such as scour protection for shoreline developments, improving rainwater infiltration through the use of permeable paving materials and grading away from structures, and incorporation of berms, wetlands, or swales.In order to prevent shoreline erosion, a seawall effectively increases the height that water can reach. In order to ensure adequate erosion control, you can add a barrier between the soil and the water. In this manner, you can prevent having less land after a flood by having your shoreline intact.To know more about flood here
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Alice is joining a new project. Her manager informs Alice that requirements of the project will be defined using progressive elloboration. Which of the following option best describes progressive eloboration?O The requirements of the project will be defined over a period of time in iterative fashion based upon feedback received.
O Requirements are unknown at this time and will be defined later.
O Requirements will be defined based upon discussions with the customer.
O Requirements will be defined based upon discussions with the subject matter expert.
Her director informs Alice that the design conditions will be defined using progressive elaboration. The design's conditions will be defined over time in an iterative fashion grounded upon feedback entered.
In the design operation world, the term “ progressive elaboration ” involves continuously adding, perfecting and detailing a plan as further specific information and more accurate estimates become available. Planning is an iterative process that's also precipitously developed. Throughout the design, the design platoon and the design director will readdress the planning processes to consider, update, and reply to conditions and circumstances within the design.
Progressive elaboration is an iterative process in design operation knowledge in which the details of the design operation plan and quantum of information will increase. This process includes original estimates of particulars similar to design compass description, planning, budget, etc. It will come more accurately.
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Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents? Explain, distinguishing between the short-run and the long-run.
The higher rates would have to increase the income that the agents would have to make in the commission in the short run.
What is the rate at which the incomes would increase?In the short-run, higher insurance rates would likely increase the incomes of agents, as they would receive a larger commission on the policies they sell. However, in the long-run, higher rates could lead to decreased demand for insurance as customers may find the policies too expensive. This decrease in demand could lead to lower incomes for agents as they would sell fewer policies.
On the other hand, lower insurance rates could lead to an increase in demand for policies and thus, in the short-run, increase the number of policies sold by agents, which could increase their incomes. But in the long-run, as the insurance company would be making less profit from the policies, it could decrease the commission for agents, leading to a decrease in their incomes.
In summary, in the short-run, higher rates could increase the incomes of agents, but in the long-run, it could decrease them due to decreased demand. And Lower rates could increase the incomes of agents in the short-run but in the long-run, it could decrease due to decrease in commission.
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Which of the following terms describe searching for new knowledge that may enhance a firm’s future performance? Firms that pursue _______________ strategy tend to use a global matrix structure.
Firms that pursue an exploration strategy tend to use a global matrix structure.
This structure groups workers into functional areas grounded on their moxie. These functional areas frequently correspond to value chain stages, such as operations, exploration and development, and marketing and deals.
Bounded rationality is a mortal decision-making process in which we aim to satisfy rather than optimize. In other words, we seek a decision that will be good enough rather than the most stylish possible decision. Knowledge operation gives your brigades access to the information and coffers they need to do their jobs effectively. It also helps your business retain that knowledge for unborn use, which promotes effectiveness, a better working experience and lower repetitious work.
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is anyone geting blocked on brainly or is it just me cause one min I can be on it then the next I get blocked
Answer: I feel like that’s just for you
Explanation:
Answer:
I got blocked, hope they fix it
Explanation:
A TIPS bond is issued in the principal amount of $1,000, paying 3.5%. Over the security's 5-year term, the inflation rate is 4%. What is the amount of the final semiannual interest check?
A) $42.66
B) $17.50
C) $21.33
D) $35.00
Having a benchmark for what to look for if we want to be leaders is about a. Trying to develop specifically the five major traits in the text b. Giving a boss a specific set of traits to look for in potential new hires c. Helping individuals see their own traits and decide if these are leadership traits d. Specifically determining traits for a particular job promotion
Having a benchmark for what to look for if we want to be leaders is about helping the individuals see their own traits and describe if these are leadership traits.
Becoming a great leader tends to start with taking into account of who you are, including your strengths and weaknesses. It is quite important to be honest and humble while doing so, as this will help you identify which leadership traits you possess and which ones you need to develop.
However, having a benchmark here is important because different people possess different traits that may or may not be suitable for leadership roles. Thus, conscientiousness, high ethical standards, and openness to experience are key traits.
Hence, option C is correct.
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the domestic supply and demand for recreational vehicles (rvs) in the united states. suppose the world price equals $50,000, and there is free trade. in the united states, consumer surplus would , and producer surplus would .
A. import 6 million
B. export 6 million
C. export 2 million
D. import 2 million
In the united states, consumer surplus would , and producer surplus would B. export 6 million.
What occurs if domestic prices are higher than global prices?Since the global price is greater than the domestic price, producers will keep selling there until the domestic price catches up to the global price, which will cause domestic demand to decline.
Due to its tiny size in comparison to global markets, the domestic market is a price taker, and neither its production nor consumption affects global prices. Therefore, the nation uses the international price as the domestic price for any good, service, or resource.
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When there are increases in attendance, stadium owners take advantage of fan passion by charging _____________ prices for concessions.
a) Premium
When there are increases in attendance, stadium owners take advantage of fan passion by charging higher prices for concessions.
When there is an increase in attendance at a sports game or event, the demand for concessions such as food, drinks, and merchandise also increases. Stadium owners take advantage of this increased demand by charging higher prices for concessions. This is because as the demand for a product or service increases, so does its price. The owners know that fans are passionate about the event and are willing to pay more for concessions, so they increase prices to take advantage of this. This is a common practice in many industries, and is known as price discrimination or price skimming.
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In the context of modes of international market entry, which of the following statements is true of licensing and franchising?
A. It is easy to extract knowledge for use in other locations through this mode.
B. It can increase the cost of selling in a foreign market.
C. It involves the risk of a local firm in alliance to become a competitor.
D. It offers the highest amount of control of all the various modes of entry.
Answer:
An international licensing agreement allows foreign firms, either exclusively or non-exclusively, to manufacture a proprietor’s product for a fixed term in a specific market. To summarize, in this foreign market entry mode, a licensor in the home country makes limited rights or resources available to the licensee in the host country.
The five major ways of entering a foreign market are exporting, licensing, franchising, forming joint ventures or establishing a wholly owned subsidiary. Licensing is an arrangement in which a company (licensor) sells the right to use intellectual property or produce a company's product to the licensee, for royalty.
The three primary factors that affect a company's choice of international market entry strategy are: Marketing: Companies consider which countries contain their target market and how they would market their product to this segment. Sourcing: Companies choose whether to produce the products, buy them or work with a manufacturer overseas.
License : The legal terms under which a person is allowed to use a product. Suppose Company A, a manufacturer and seller of Baubles, was based in the US and wanted to expand to the Chinese market with an international business license.
thus option C is right
Explanation:
Canterbury Corp. has identified the following activities in its manufacturing process. Classify each cost as facility, product, batch, or unit level. Product design research Materials handling Machining Assembly of components Finished goods inventory storage Rework after a quality inspection Painting end product Raw materials inventory storage
The manufacturing process has been classified in the following activities:
Costs Classification
Product design research Product level
Materials handling Unit or batch level
Machining Unit level
Assembly of components Unit level
Finished goods inventory storage Facility level
Rework after a quality inspection Unit or batch level
Painting end product Unit level
Raw materials inventory storage Facility level
Process manufacturing is a method of producing items by combining supplies, components, or raw materials according to a formula or recipe. It is widely used in industries that produce large quantities of goods, such as those that produce food, beverages, refined oil, gasoline, pharmaceuticals, chemicals, and plastics.
Manufacturing entails making a process more efficient while it transforms certain resources into other resources, frequently with the intention of selling to a client.
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Handy Home sells windows (80% of sales) and doors (20% of sales). The selling price of each window is $200 and of each door is $500. The variable cost of each window is $125 and of each door is $350. Fixed costs are $720,000.
The selling price per composite unit of Handy Home is $260.
What is selling price?A good or service's selling price is the whole cost that the vendor has established, or the money that the consumer pays. The trade could concern a specific amount, weight, or measurement of a good or service. It is one of the most crucial elements a business must consider. It is crucial since it determines whether it will survive or not. The number of units sold directly correlates with the price of a product. We can choose between three price points: the minimum, the highest, and the average of the two. We can establish prices based on the region, market, season, and time of year. It's a good idea to keep an eye on what our competitors are doing. Local or federal rules and regulations may have an impact on selling prices.
weighted average selling price= (selling price* weighted sales)
weighted average selling price= (0.8*200) + (0.2*500) = $260
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Complete Question:
Handy Home sells windows and doors in the ratio of 8:2 (windows: doors). The selling price of each window is $200 and of each door is $500. The variable cost of a window is $125 and of a door is $350. Fixed costs are $720,000.
(1) Determine the selling price per composite unit.
Managers engage in activities that help the organization achieve its goals. These activities can be grouped under four principal management functions: planning, organizing, leading, and controlling. This activity is important because each management function requires different skills and presents distinct challenges for managers.
The goal of this activity is to challenge your knowledge of the four principal functions of management.
Read each example and select the management function that it best represents.
1. Sariyah sets challenging sales targets for her team.
planning
2. Lindsay determined the best structure and reporting hierarchy for her firm based upon the company's strategic goals.
Organizing
3. Atticus spends a sizable portion of his day helping to resolve disagreements between employees in his organization.
Leading
4. Kellen is analyzing organizational data to determine why the firm is experiencing abnormally high employee turnover.
Controlling
A corpus of theories and practices on how to be a great manager includes these five functions.
What are the functions of management and their meaning?Planned, Organized, Staffed, Directing, and Controlling are Management's five primary duties. According to one definition, management is a process that takes place in society and is responsible for the efficient and cost-effective planning and regulation of an organization's day-to-day activities in order to achieve specific goals.
In all industries, there are four managerial functions that are common. Planned, organized, led, and controlled are some of them. Consider the four functions as a series of interconnected steps, each of which builds on the previous one.
The five general management functions include planning, organizing, staffing, leading, and controlling. These five general functions make up the core of management as a discipline. The five aforementioned tasks are a component of a larger set of guidelines and management-related beliefs.
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