Which of the answers below best defines marginal cost?
a) Prime Cost plus all variable overheads
b) Prime Cost minus all variable overheads
c) Variable overheads
d) None of the above

Answers

Answer 1

The answers below best defines marginal cost Variable overheads.

What definition of marginal cost is more accurate?

A marginal cost is the price of a second unit of output. The idea is used to figure out a company's optimal production level, or the number of units that can be produced for the least amount of money. It is computed by dividing the change in production costs by the variation in output.

Are marginal cost and prime cost equivalent?

The sum of all variable expenses, including the prime cost and variable manufacturing overheads, is known as the marginal cost.

how to calculate marginal cost

The marginal cost in economics is the variation in total production costs that results from creating or producing one more unit. Subtract the change in production costs from the change in quantity to determine marginal cost.

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in the context of internet-enabled supply chain management (scm), which scm activity involves bargaining and renegotiating prices and term agreements? a. order processing b. purchasing/procurement c. inventory management

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in the context of internet-enabled supply chain management (scm), Order processing scm activity involves bargaining and renegotiating prices and term agreements

What exactly are SCM (supply chain management systems)?

Supply chain management (SCM) is, at its most basic level, the control of the movement of materials, information, and money involved in the production of a thing or service, from the acquisition of raw materials to the delivery of the good at the intended location.Due to its ability to support a number of corporate goals, supply chain management is crucial. Controlling production procedures, for instance, can raise product quality, lower the likelihood of recalls and legal action, and support the development of a powerful consumer brand. In addition, by preventing expensive shortages or periods of inventory overstock, shipping method controls can enhance customer service. Overall, supply chain management offers businesses a number of chances to increase their profit margins, and it is especially crucial for businesses with extensive and global operations.

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one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.

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Answer:

True is the correct answer.

Explanation:

develop estimated regression equations, first using annual income as the independent variable and then using household size as the independent variable. which variable is the better predictor of annual credit card charges? discuss your findings.

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The annual fee will appear as a yearly lump sum payment on your annual credit card account. The first time you are charged is usually the month you sign up for the card, and then you are charged once per 12 months after that.

Are there yearly fees for credit cards?

An annual charge is associated with some credit cards. This yearly fee is typically charged by credit cards with lucrative reward programs to cover maintenance and administrative costs.

Why is my credit card being assessed an annual fee?

In order to cover the cost of providing cardholders with a wealth of features and benefits, card issuers impose annual fees. They wouldn't be able to provide TSA PreCheck, Global Entry, or annual $300 travel credits.

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please indicate whether each individual or group of individuals is part of the federal open market committee (fomc). a. the seven members of the board of governors: b. the president of the los angeles federal reserve bank: c. a group of four district bank presidents: d. the secretary of the treasury: e. the chairman of the securities and exchange commission (sec): f. the president of the new york federal reserve bank

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a. The seven members of the Board of Governors are part of FOMC.

b. The President of the International Monetary Policy Harmonization Council is not a part of FOMC.

c. A group of four district presidents is not part of FOMC.

d. The Treasure of the United States is not a part of FOMC.

e. A chairman of the Securities and Exchange Commission is not a part of FOMC.

f. The President of the New York Federal Reserve Bank is part of FOMC.

The FOMC consists of a dozen members: The Board of Governors consists of seven members, including the Fed Chair. The President of the Federal Reserve Bank of New York, who also serves as the Fed's Vice President.

The Federal Open Market Committee (FOMC) is the component of the Federal Reserve that manages open market operations to formulate monetary policy.

Therefore, the following statements are as follows:

a.The FOMC is comprised of seven members of the Board of Governors.

b. The International Monetary Policy Harmonisation Council's President is not a member of the FOMC.

b. The FOMC does not include a group of four district presidents.

c. The United States Treasurer is not a member of the FOMC.

b. The FOMC does not include the chairman of the Securities and Exchange Commission.

f. The President of the Federal Reserve Bank of New York is a member of the FOMC.

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gerald is very good with customers, is friendly, and works well with a team. which career is gerald most likely a part of?

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Gerald is very good with customers, is friendly, and works well with a team. Gerald most likely a part of Boiler Operator.

Boiler operator:

Technicians with a focus on boiler maintenance and repair are known as boiler operators. Professionals set up, run, and keep an eye on the boiler as well as other variables. Pressure and temperatures are some of the variables that boiler operators keep an eye on.

Boiler operators think about and put these into practice in order to maintain reliable and well-functioning systems:

Match the appropriate machinery to the needed fuel and services.Check that the boiler's equipment was installed correctly.Keep track of the systems' daily performance and create preventive maintenance plans for weekly, monthly, and yearly maintenance procedures.

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discuss accounting for sales allowances and how they relate to the concept of variable consideration

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Sales return and allowance fall under the category of contra-revenue. It is related to variable consideration because the management estimates it and it affects the final price of the business transaction.

A sales allowance is a reduction in the price charged by a seller, due to a problem with the sold product or service, such as a quality problem, a short shipment, or an incorrect price. Thus, the sales allowance is created after the initial billing to the buyer, but before the buyer pays the seller. Variable consideration is common and takes various forms, including (but not limited to) price concessions, volume discounts, rebates, refunds, credits, incentives, etc.

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a waiting line meeting the assumptions of m/m/1 has an average time between arrivals of 10 minutes, and it services items on an average of 5 minutes each. what is the utilization factor?

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Arrival price refers to the fee of incoming calls in a contact center. The arrival charge metric indicates how many calls are being treated or put on preserve all through a precise period of time.

On an average, it's a metric that should ideally be stated each day for accurate reporting.

How do you calculate average arrival time?

Usually, the timing of arrivals is described through specifying the common charge of arrivals per unit of time (a), or the average interarrival time (1/a). For example, if the common fee of arrivals, a = 10 per hour, then the interarrival time, on average, is 1/a = 1/10 hr = 6 min.

What is inter arrival time in Poisson process?

By construction, each interarrival time, Xn = tn − tn−1, n ≥ 1, is an independent exponentially allotted r.v. with fee λ; hence we built a Poisson manner at price λ.

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the men's warehouse charges 1.6 percent interest per month. what rate of interest are its credit customers actually paying?

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Effective Annual Rate=[tex]20.98%[/tex]

Effective annual interest rate = (1 + (nominal rate ÷ number of compounding periods)) ^ (number of compounding periods) - 1

if normal rate =1

[tex]1+0.016(12-1)[/tex]=[tex]20.98%[/tex]

An effective annual interest rate is the real return on a savings account or any interest-paying investment when the effects of compounding over time are taken into account. It is the annual rate of return earned on an investment or the annual rate of return paid for a loan if the interest is compounded more than once in a year. The Effective Annual Rate (EAR) is the rate of interest actually gained on an investment or paid on a loan as a result of compounding the interest over a certain period of time. It also indicates the real percentage rate owed in interest on a loan, a credit card, or any other debt.

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part-time workers, seasonal workers, and independent contractors are all examples of contingent workers. group of answer choices true false

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This is a true statement because seasonal workers, part-time workers, and independent contractors are all examples of contingent workers.

Contingent workers are individuals who are not on the payroll but rather provide independent services to an organization. Contingent workers involve independent contractors, advisors,  freelancers, consultants, part-time workers or other outsourced workers hired on a per-job and non-permanent basis.

Typically, contingent workers are hired on a fixed-term or a temporary contract basis to deliver particular services for a specific project or period of time.

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a firm’s bond rating slips by 1 category for each ______ in current debt interest.

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A firm’s bond rating slips by 1 category for each additional 0.5% in current debt interest.

Why bond rating is important to firms?

Bond ratings serve as indicators of how creditworthy business or government bonds are. Ratings are assessments of a bond issuer's financial stability and ability to pay back the bond's principal and interest in accordance with the terms of the contract. They are released by credit rating organizations.

The rating is significant because it influences the interest rate that businesses and governmental entities pay on their bonds in addition to its role in informing investors. The analysis firm's financial statements and the accompanying financial ratios are what determine the rating. Networks with other interested parties, like those with a parent company, regional governmental organizations, and systemic federal support pledges, are examples of external impacts.

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during the course of 2008 and 2009 many homeowners were forced to go through a foreclosure. how do you think this process impacted the housing market during that time period, all else held constant and assuming the laws of demand and supply apply? recall that a foreclosure is a process of reposession of property (in this case by the lender) and then a subsequent liquidation of that property to cover the costs of the investment (or loan). in the housing market this usually refers to a situation where the lender (bank) reposesses the property and then sells it to cover its investment costs.

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It caused the supply of existing homes offered for sale to increase, thereby reducing the price.

When banks repossessed the property it was again put up for sale by the banks. In addition, home builders had a property that was up for sale. Besides these two key sellers, individuals who had purchased a property for investment and saw prices decline also put the property for sale before prices decline further.

Therefore, there was an increase in the supply of existing plus new homes offered for sale. As the supply curve moved to the right, the prices declined with the decline in prices being accelerated by weak demand. A foreclosure is a legal process that allows a lender to recover the outstanding amount of a defaulted loan by owning and selling the mortgaged property.

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On September 10, 1990 the published prices (cents on the dollar) on Latin American bank debt was quoted as follows:
Mexico 43.12
Venezuela 46.25
Chile 70.25
Assume that the central banks of Mexico, Venezuela, and Chile redeemed their debts at 50 percent, 85 percent, and 76 percent, respectively, of face value in a debt-for-equity swap. If the three countries had equal political risk, based purely on financial considerations, the cost of a $40,000,000 assembly plant investment in local currency would be ranked (lowest to highest) in dollar cost as follows:

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Consumers can work with American Debt Relief, a respectable company, to negotiate and settle credit card debt via the debt settlement procedure. This business offers a free debt assessment to get you started and has outstanding customer evaluations.

Explain in detail.

Venezuela first, Mexico second, Chile thirdThe dollar cost of raising the needed capital in each country can be calculated as follows:Mexico: ($40,000,000/.50) x .4312 = $34,496,000Venezuela: ($40,000,000/.85) x .4625 = $21,764,706Chile: ($40,000,000/.76) x .7025 = $36,973,684

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jamie dimon is an avid promoter of company-wide learning. what specific learning related observations does he strongly favor to foster a great corporate culture and cultivate excellent leaders?

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The specific learning-related observations he strongly favors fostering a great corporate culture and cultivating excellent leaders are all of the above.

He believes in company-wide learning and therefore based on that he focuses on training employees for their growth and development retaining them to get returns and also making the organization learn in order to succeed.

Observational learning has the potential to teach and reinforce or diminish certain behaviors based on a variety of factors. Observational learning is especially prevalent in early childhood and can be a key component of how we learn new skills and avoid consequences. Observational learning is the process of learning by observing the behavior of others.

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describe the group process involved in the decision to change the water supply from lake huron to the flint river (or any such important municipal, state, or federal decision). what are the group norms, level of cohesiveness, etc. needed to make good decisions in the best interest of citizens, whether the decision makers are local, state or federal employees/elected officials? given the experience surrounding the flint water crisis, what should the city of flint, state of michigan, and the federal government do now so as to not repeat the mistakes made in flint, michigan and begin to work as a high-performing team?

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Flint's fateful decision to sever its ties with the town of Detroit as its supplier of ingesting water went all the way as much as the Michigan governor's office, state statistics received beneath Michigan's Freedom of information Act show.

On March 25, 2013, then-state Treasurer Andy Dillon and Gov. Rick Snyder’s chief of group of workers, Dennis Muchmore, held a telephone verbal exchange approximately “Flint water supply alternatives,” in step with data acquired by way of the unfastened Press below FOIA.

Water deliver from the metropolis of Detroit to a new Karegnondi Water Authority, a flow that would ultimately lead to Flint the usage of corrosive water from the Flint River as an intervening time supply, which produced consuming water with risky degrees of lead/ Dillon, who resigned as treasurer in October 2013, also held a Lansing meeting regarding Flint water at 9 a.m. the morning after the Monday Flint council meeting.

However the statistics do not display that Snyder or Dillon determined Flint citizens have to drink Flint River water till their new KWA pipeline to Lake Huron was completed. there is still murkiness over exactly how that selection happened.

The choice to attract water from the Flint River starting in April 2014, blended with a failure by using the state department of Environmental great to require treatment to soften the water to reduce corrosion and the leaching of lead from delivery pipes and different disasters related to water checking out, ultimately proved disastrous.

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levels of production stoppages over the past year at a large laminating business were abnormally high due to machine malfunctions. would it be appropriate for the internal auditing function to develop a survey examining attitudes toward line operations, rotation of work zones, training, maintenance schedule, etc., for the machine operators to complete?

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Levels of production stoppages over the past year at a large laminating business were abnormally high due to machine malfunctions. Yes, the examined areas are relevant to the malfunctions.

Failure means not working properly. If your toaster spits out what looks like burnt smoke, no matter what your toaster settings are, your toaster is definitely at fault.

Common and generally accepted malfunctions are identified as follows: Type 1, failure to jet or fire. Type 2, Stovepipe (Failure to Drain). Type 3, dual feed.

A malfunction is any alarm resulting in a fire department response that occurs due to mechanical/electrical failure, improper installation or lack of maintenance, power fluctuations, weather conditions, or firefighters unable to determine the apparent cause. means boot.

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consider the following. a. what is the duration of a two-year bond that pays an annual coupon of 8 percent and whose current yield to maturity is 13 percent? use $1,000 as the face value. (do not round intermediate calculations. round your answer to 3 decimal places. (e.g., 32.161)) b. what is the expected change in the price of the bond if interest rates are expected to increase by 0.3 percent?

Answers

(a) The bond duration is 1.92 years.

(b) The price will decrease by -0.51%

Duration and Modified Duration:

The duration and modified duration of a bond measure different things. The duration is simply the weighted average time of all payments. The modified duration is an estimate of the percent change in the bond price for a one percent change in the interest rate.

(a) The bond's duration is calculated using the following expressions:

Duration = [tex]\frac{\sum^n_t_=_1 t * PV_t}{\sum^n_t_=_1 PV_t}[/tex],

where,

[tex]PV_t[/tex] = present value of bond cash flows in year t n = number of years

Duration = [tex]\frac{1\frac{Coupan}{(1+rate)}+2\frac{Coupan + par}{(1+rate)^2} }{\frac{Coupan}{(1+rate)}+\frac{Coupan + par}{(1+rate)^2} }[/tex]

Duration = [tex]\frac{\frac{80}{1+0.13}+2\frac{80+1000}{(1+0.13)^2} }{\frac{80}{(1+0.13)}+\frac{80+1000}{(1+0.13)^2} }[/tex]

After solving, we get

Duration = 1.92

The bond duration is 1.92 years.

(b) Knowing the bond duration, we can compute its modified duration (MD):

MD = Duration/ 1+r

MD = 1.92/1 + 0.13

MD = 1.70

Therefore, when the interest rate increases by 0.3% the expected bond price change is:

Price change = - MD x Yield change

Price Change = -1.70 x 0.3%

Price change = -0.51%

The price will decrease by -0.51%

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preston owns a car that is increasingly unreliable and frequently needs repairs. because he has already put a lot of money in the car, he is reluctant to sell it and get a more reliable one. which problematic decision-making process is preston probably experiencing?

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The sunk-cost fallacy problematic decision-making process is preston probably experiencing.

The sunk cost fallacy is the human tendency to stick to efforts in which time, money, or other resources have already been invested, even when changing course is the more logical choice.

The sunk cost fallacy occurs because we are not purely rational decision makers and are often influenced by emotions.

Sunk costs are costs that have already been incurred and are unlikely to be recovered in the future. refers to For example, rent, spending on marketing campaigns, or money spent on new equipment can all be considered thunk his costs.

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KNOWLEDGE CHECK Why does the yield curve naturally slope upwards? To compensate lenders for the greater risk of short-term loans compared to long-term loans To compensate lenders for the greater risk of long-term loans compared to short-term loans To compensate borrowers for the greater risk of short-term loans compared to long-term loans To compensate borrowers for the greater risk of long-term loans compared to short-term loans PREV SUBMIT

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A representation of the anticipated yields on bonds with various maturities is called a yield curve. Because investors anticipate a greater return on their capital when it is invested for a longer length of time.

How do you explain yield curve?

A yield line is a graph that represents the returns (interest rates) from bonds with similar credit ratings but various maturities. The yield curve's slope provides insight into potential future changes in interest rates and economic activity.

What role does the yield curve ?

A wide variety of interest rates within the economy are affected by monetary policy shifts through the yield curve. The cost of borrowing for individuals, businesses, or governments when they take out loans from banks or the exchange (by issuing bonds) will be influenced by the height and slopes of the bond yield.

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in the statement of activities, fasb statement no. 117 requires revenues to be reported as increases in one of the two categories of net assets, depending on donor-imposed restrictions; however, all expenses should be reported as decreases in unrestricted net assets. true false

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According to donor-imposed limits, revenues must be recorded as increases in one of the two categories of net assets in the statement of activities; nevertheless, all expenses must be reported as losses in unrestricted net assets. True

A statement of activities conveys that your organization is a good steward of funds and actively working to fulfill its objective by outlining the revenue and expenses incurred during a reporting period. Additionally, these statements demonstrate that your nonprofit is continuing to adhere to financial requirements.

A nonprofit organization's income statement is called the Statement of Activities. One of the essential financial documents that all organizations require is this one. It may also be referred to as an income and expense report or a profit and loss statement.

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the december 31, 2013 balance sheet of barone company had accounts receivable of $400,000 and a credit balance in allowance for doubtful accounts of $32,000. during 2014, the following transactions occurred: sales on account $1,500,000; sales returns and allowances, $50,000; collections from customers, $1,250,000; accounts written off $36,000; previously written off accounts of $6,000 were collected. instructions (b) if the company uses the percentage-of-sales basis to estimate bad debt expense and anticipates 3% of net sales to be uncollectible, what is the adjusting entry at december 31, 2014? (c) if the company uses the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are expected to be 8% of accounts receivable, what is the adjusting entry at december 31, 2014?

Answers

Debit Accounts Receivable $1,500,000

Credit Sales Revenue $1,500,000

To record sales on account.

What are the other journal entries?

Debit Sales Returns $50,000

Credit Accounts Receivable $50,000

To record sales returns and allowances.

Debit Cash Account $1,250,000

Credit Accounts Receivable $1,250,000

To record cash collections from customers.

Debit Allowance for Doubtful Accounts $36,000

Credit Accounts Receivable $36,000

To record uncollectible written-off.

Debit Accounts Receivable $6,000

Credit Allowance for Doubtful Accounts $6,000

To reinstate previously written off accounts.

Debit Cash Account $6,000

Credit Accounts Receivable $6,000

To record collection of previous write-off.

Adjusting Entry at December 31, 2015:

B. Using 3% of net sales:

Debit Bad Debt Expense $41,500

Credit Allowance for Doubtful Accounts $41,500

To record bad debt expense.

C. Using 8% of Receivables:

Debit Bad Debt Expense $43,120

Credit Allowance for Doubtful Accounts $43,1`20

To record bad debt expense.

D. 3% of net sales produces a higher net income and by $1,620

How do you show the calculations for the above journal entries?

1. Accounts Receivable

Beginning balance (debit) = $400,000

Sales                                     1,500,000

Sales Returns & allowances   (50,000)

Cash Collections                (1,250,000)

Uncollectible write-off            (36,000)

Reinstatement of write-off       6,000

Cash Collection                       (6,000)

Ending balance                  $564,000

2. Allowance for Doubtful Accounts

Beginning balance (Credit)   $32,000

Uncollectible write-off            (36,000)

Reinstatement of write-off        6,000

Balance pre-year adjustment $2,000

Using 3% of net sales

Bad debt expense                 $41,500

Ending balance (credit)        $43,500

Balance pre-year adjustment $2,000

Using 8% of receivable balance

Bad debt expense                 $43,120

Ending balance (credit)         $45,120

3. Allowance for Doubtful Accounts (Ending balance)

3% of net sales = $1,450,000 x 3% = $43,500

8% of receivables = $564,000 x8% = $45,120

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private goods are characterized by: group of answer choices rivalry and excludability. rivalry and nonexcludability. nonrivalry and nonexcludability. nonrivalry and excludability.

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Private goods are characterized by: rivalry and excludability.

In economics, goods are items that fulfill human desires and provide utility, for instance, to a customer making a purchase of a fulfilling product.

A common distinction is made between items that are transferable, and offerings, which aren't transferable. items are tangible gadgets sold to customers, whilst offerings are responsibilities achieved for the gain of the recipients. Examples of products are cars, appliances, and garb.

Goods are gadgets, articles, merchandise, or commodities that organizations sell, and in turn, customers buy those items to fill a need or need. they're tangible objects with physical attributes that you could contact, experience, and see—like color, size, shape, and weight. There are four extraordinary varieties of items in economics, which can be categorized based on excludability and rivalrousness: non-public goods, public goods, common assets, and club goods.

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A majority of economists believe that in the long run, real economic variables and nominal economic variables behave independently of one another. For example, an increase in the money supply, a nominal variable, will cause the price level, a nominal variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, a nominal variable. The distinction between real variables and nominal variables is known as?

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The classical dichotomy refers to the division between real and nominal variables.

What is economics as a classical dichotomy?

The economy is split into two sectors by the classical dichotomy: real, where relative prices are determined using a general equilibrium framework, and money, where absolute prices are determined using a quantity theory of money framework.

The distinction between bands really is a fundamental tenet of both macroeconomics and monetary economics. Prices on the open market are used to express nominal variables.

Therefore, To account for the varying purchasing power of money over the moment, real variables are adjusted (inflation or deflation).

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last year a manager had a cost of food consumed for meats of $310,000. last year the manager had beginning meat inventory of $15,000 and ending meat inventory of $16,000. what was the manager's inventory turnover for meat last year? a. 20 b. 22 c. 21 d. 23

Answers

The manager's inventory turnover for meat last year is a. 20.

Inventory tunover=Cost of foods consumed/Aveage inventory

Average inventory=Opening+closing/2

=(15000+16000)/2=15500

Hence inventory turnover=310000/15500

 =20

Inventory turnover is the charge that inventory inventory is offered, or used, and replaced. The stock turnover ratio is calculated with the aid of dividing the fee of goods by common stock for the same duration. A better ratio tends to factor to sturdy income and a decrease one to susceptible sales.

The inventory turnover is a degree of the wide variety of times inventory is offered or utilized in a term including a yr. it's miles calculated to look if an enterprise has an excessive inventory in evaluation to its sales level.

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consider this frugal governed closed economy. suppose . suppose the government increases its spending (g) by $750. what effect would this have on the equilibrium level of aggregate output/income (y)?

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(c)$469. consider this frugal governed closed economy. suppose . suppose the government increases its spending (g) by $750. (c)$469 effect would this have on the equilibrium level of aggregate output/income (y).

The height at which a rising parcel of air reaches the equilibrium level (EL), level of neutral buoyancy (LNB), or limit of convection (LOC), is defined in meteorology. Diagram comparing the course of an air parcel lifted along B-C-E to the temperature and humidity of the surrounding air mass (Tw) This indicates that when air reaches the equilibrium level and convection ceases, it is no longer unstable and is now stable. The thunderstorm updraft is finally stopped at this level, except in the case of overshooting tops, in which case it continues to rise to the maximum parcel level (MPL) due to momentum. This level is frequently close to the tropopause and can be identified as being close to where a thunderstorm's anvil is. more specifically

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shortages and surpluses are represented by the:

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Shortages and surpluses are represented by the horizontal distance between the quantity demanded and the quantity supplied.

What is Shortages and surpluses?

Businesses that experience a surplus reduce their prices, which forces their rivals to follow suit. The market then experiences a rise in demand and progresses toward a state of quantity and price equilibrium. Businesses will increase the cost and availability of a product in response to a shortage.

When there is a surplus of an item, service, or resource compared to the demand. surplus. when there is a surplus of a resource, good, or service relative to the demand.

Hence, horizontal gap between the quantity required and the quantity provided is used to identify shortages and surpluses.

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jin manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the

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Employees regularly deal with customer annoyance over the frequent price changes, this is an example of shoe-leather cost.

Advertising and marketing is a promotional pastime that goals to promote a product or service to a target audience. It is one of the oldest types of advertising and marketing which tries to influence the moves of its audience to purchase, promote, or do something specific.

Marketing is any paid advertising of a product, provider, or concept supposed to persuade one or extra humans.

There are 3 most important objectives of advertising and marketing – to tell approximately the logo or offering, to influence to buy or perform a project and to remind and beef up the brand message.

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True or False?
To be valid and enforceable, contracts must be in writing and signed by both parties.

Answers

Contrary to popular belief, contracts do not need to be in writing or signed by both parties to be binding. Hence the statement is False.

Define contracts.

A legally enforceable agreement between two or more parties is referred to as a contract. Each party agrees to uphold the rights and obligations set forth in this agreement after it is signed. In essence, a promise forms the foundation of any contract.

An agreement between parties that produces mutually binding legal obligations is known as a contract. Mutual assent, represented through a contract-compliant offer, is required for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality.

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You own a bike shop, you have
a beginning cash balance of
$4,700, $101,000 in total cash
sales, $3,300 for utilities,
$2,500 in loan payments and
$5,600 for marketing costs.
What is your ending cash
balance?

Answers

Answer:

94,300

Explanation:

4,700+101,000=105,700 in total cash. 3,300 +2,500+5,600=11,400 in total cost. Hailey's ending cash balance is $94,300 because 105,700-11,400=94,300

bro it's simple arithmetic

$94,300 ending cash balance

however, in digital marketing, when customers view commercials, they can instantaneously purchase the product through digital media.

Answers

In digital marketing, when customers view commercials, they can instantaneously purchase the product through digital media is true.

What exactly does marketing mean?

For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.

The importance of marketing

The benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.

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store owners in the u.s. accept dollars for the purchase of goods and services because select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a money is a unit of account. b money is a medium of exchange. c money serves as a store of value. d money is a commodity.

Answers

Money is used as a medium of exchange between you and the provider of goods and services.

Why are all transactions conducted in US currency?

The 1944 Bretton Woods Agreement established the US dollar as the primary reserve currency in the world. After the destruction of two world wars and the extensive use of the United Kingdom's gold reserves, it displaced sterling as the currency with this status.

What is the direct exchange of one item or service for another?

In a barter system of exchange, parties to a transaction directly swap one commodity or service for another without the use of money.

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