if the activity level increases 10%, total variable costs will
gen-tech sells merchandise on account for $4,000 to acorn company with credit terms of 2/10, n/30. within the discount period, acorn company returns $500 of damaged merchandise and a check for ________ to settle the account.
Within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account
Using this formula
Check amount=(Merchandise sold- Merchandise return)- [(Merchandise sold- Merchandise return)× Discount]
Where:
Merchandise sold=$4,000
Merchandise return=$500
Discount=2%
Let plug in the formula
Check amount=($4,000-$500)-[($4,000-$500)×2%]
Check amount=$3,500-($3,500×2%)
Check amount=$3,500-$70
Check amount=$3,430
Inconclusion within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account.
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what are the four factors underlying the free enterprise system?
Answer:
profit,risk,competition and productivity
This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.
In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.
Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.
She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.
A job description is a document that specifies the responsibilities and activities of each organizational role.
Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.
Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.
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factors such as the increasing number of women in the workforce and the growing number of older workers exemplify which force for change outside the organization?
Answer: demographic characteristics
Explanation:
Robertson Construction entered into a contract to construct a tunnel for a fixed price of $12,000,000. Robertson recognizes revenue over time according to percentage of completion. Here are some facts: In 2021: Cost incurred during the year is $3,000,000; Estimated cost to complete is $6,000,000 In 2022: Cost incurred during the year is $500,000; Estimated cost to complete is $6,500,000 In 2023: Cost incurred during the year is $6,500,000; Estimated cost to complete is $0. How much gross profit/loss would Robertson recognize in 2022
By measuring the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.
To understand better, we have to begin with the year 2021, where we have the following:
Given that the % of completion = cost incurred till now ÷ total estimated cost;
We have => $3,000,000 ÷ ($3,000,000 + $6,000,000) = 33.33%
Hence, we have the final revenue in the year 2021 to be recognized as
=> $12,000,000 × 33.33% = $4,000,000.
By the year 2022, we have the following percentage completion.
=> ($5,000,000 + $3,000,000) ÷ ($3,000,000 + $5,000,000 + $2,000,000) = 80 percent.
Therefore, we have the total revenue to be recognized
=> $1,200,000 × 80% = $9,600,000
Then given that the Revenue already realized in 2021 = $4,000,000
Therefore, the revenue to be recognized in 2022
=> $9,600,000 - $4,000,000 = $5,600,000.
Hence, in this case, it is concluded that the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.
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goal displacement, satisficing, and groupthink are:
Goal displacement, satisficing, and groupthink are the advantages of group decision-making.
Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.
During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.
Some of the advantages of the group decision-making include goal displacement, satisficing, and groupthink.
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when an externality is present, the market equilibrium is
Answer:
Effecient
Explanation:
And the equilibrium maximizes the total benefit to society as a whole
which common form of external data helps marketers understand what influences a consumer’s purchasing behavior?
External data that helps marketers understand what influences a consumer’s purchasing behavior is psychographic data.
What is psychographic data?Psychographic data is used to create a profile of customers' viewpoints, areas of interest, and motivators for action. It includes an individual's beliefs, opinions, preferences, and personality traits.
Psychographic information concentrates on emotional factors like motives, priorities, etc whereas demographic information frequently emphasizes physical factors like age, race, gender, geography, etc.
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Consider a Malthusian economy. For each of the following scenarios, use the diagrams to illustrate what happens to a country’s population size and living standards, ceteris paribus. Clearly explain what happens to the equilibrium and describe the transition to the new equilibrium if any.a. Marrying late slows down population growth.b. An earthquake kills half of the population and destroys half the land.
In the situations presented, what happens to the population and living standards is that they improve significantly avoiding a Malthusian catastrophe.
Malthusianism is a sociological concept that refers to the theory developed by Thomas Malthus in which he states that population growth at the rate that is being done will result in a decrease in resources for life, that is what he defined as Malthusian catastrophe.
According to the above, the situations presented would be a way of delaying the Malthusian catastrophe because if people marry late, the probability of having children is reduced for biological reasons. In addition, the number of children is going to be reduced.
On the other hand, if an earthquake occurs that destroys half the world and kills half the population, the Malthusian catastrophe is delayed because the available resources would increase in relation to the existing population.
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During a job interview, Pam Thompson is offered a salary of $32,000. The company gives annual raises of 4 percent. What would be Pam's salary DURING her fifth year on the job? (You may need to round to the nearest answer)
Answer:
$38,933
Explanation:
A=P( 1 + r/100)^n
A= amount
r= rate(4%)
n=period (5)
A=32,000 ( 1 + 4/100)⁵
A=32,000 (1.04)⁵
A=38,932.89
A=$38,933( nearest whole number)
During a job interview, Pam Thompson is offered a salary of $32,000. Pam's salary during her fifth year on the job is $ 37435.474.
What do you mean by the annual raise of salary?
A worker's salary increase is expressed as a percentage of their total base pay. Typically, it represents a portion of the employee's yearly compensation. Employers may utilize increments to raise or lower basic pay as well as to provide incentives.
The yearly increase % calculates the average annual percentage rate of salary increases.
Here,
Current salary= 32000
First increment will occur at the beginning of 2nd year = 32000 × (1+4%)
Second increment will occur at the beginning of 3rd year = 32000 × (1+4%) × (1+4%)
Third increment will occur at the beginning of 4th year = 32000 × (1+4%) × (1+4%) × (1+4%)
Fourth increment will occur at the beginning of 5th year
= 32000 × (1+4%) × (1+4%) × (1+4%) × (1+4%)
= 32000 × (1+4%)^4
= 32000 × (1.04)^4
= 32000 × 1.1698586
= $ 37435.474
Therefore, during a job interview, Pam Thompson is offered a salary of $32,000. Pam's salary during her fifth year on the job is $ 37435.474.
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for internal record keeping, most companies carry their inventory using the _____ basis.
Answer: FIFO
Explanation:
Distinguish between the concepts of service vs. product marketing strategies. Provide an example of each and evaluate why each is essential to hotel operations.
Answer:
service mena intangible or we can't take it with us or purchase it to take home
product is tangible it is something we can purchase at any time any place
Explanation:
for example service we can see in hotel a room service
for the product we can see Chocolate we can purchase it any where and take to other place but in contrast we can't take service
Both service marketing strategies and product marketing strategies are sales and promotion tactics for various product and service offerings. The nature of the offering itself is where the two differ most from one another.
Why do you want to get into product marketing?At the same time, it's very difficult and rewarding. Cross-functional teams are frequently led by product marketing managers, giving you exposure to a wide range of job functions. A profession in product marketing allows you to have an influence and redistributes meaning to your work.
Service marketing methods emphasize the quality and customization of intangible services, while product marketing strategies concentrate on the attributes and advantages of tangible commodities. Both forms of marketing tactics seek to draw in and keep clients, but because the products and services offered differ, they call for distinct methods.
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what is the name of the cost allocation method used for intangible assets?
Answer:
coast allocation for assets is known as amortization. for intangibles. Depreciation, depletion, and amortization are processed of. cost allocation, not valuation.
a market that operates outside the legal system, either by selling illegal goods or by selling goods at illegal prices is referred to in economics as a
Answer:
the answer is black market
according to adam smith, the process that turns self-directed gain into social and economic benefits for all is the
Answer:invisible hands
Explanation:
Adam Smith asserts that the invisible hands is a process that turns self-directed gain into social and economic benefits for all.
Adam Smith invisible hands theory explains that there are unseen forces that move the free market economy.
In conclusion, the economist is the one that explains that the invisible hands is a process that turns self-directed gain into social and economic benefits for all.
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How do managers use information obtained in the income statement
Answer: The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported It then calculates operating expenses and, when deducted from the gross profit, yields income from operations.
Explanation:
what is a "complementary" business
Answer:
A complimentary business compliments your business. It may offer products or services beneficial to your business or your customers, but not the same things as to not be considered a competing business (competitor).
the pitfalls of a differentiation strategy include
The pitfalls of a differentiation strategy include many methods such as "attempting to differentiate using easily copied features."
Other methods that could be a pitfall for differentiation strategy includes the following:
When firms differentiate based on the features, they believe buyers do not value.
When firms differentiate based on price, for example, firms charge higher prices to create a premium image.
Differentiation strategy in business is a method businesses or firms use to create distinct products for consumers, and it is expected to give the firms a competitive advantage over rivals.
Hence, in this case, it is concluded that there are various pitfalls in differentiation strategy firms should be aware of.
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A student loan is money a person borrows in order to:A: purchase a new house.B: buy luxury goods.c. pay for college tuition.D. pay off existing debt.
A student loan is money a person borrows in order to pay for college tuition. Hence, option C is correct.
What is student loan?A student loan is a loan that is given to students expressly to assist them in paying for higher education, like university. Typically, the loan is divided into two portions: one for maintenance fees and the other for tuition.
Yes, there is normal debt, albeit some lenders impose penalties for early repayment. Yes, there is student debt, and fortunately there are no early repayment fees. You should, however, consider whether it is worthwhile to pay off your debt early.
From the day the Student Loans Company sends your first payment to you, your university, or your college, interest is charged every day until your loan is fully repaid or cancelled.
Thus, option C is correct.
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what documents are used in the buying of goods and services
Answer:
trans tax
Explanation:trans tax
Help pls I need help
Answer:
The answer is "a short period of time".
Answer:
a short period of time
Explanation:
i dont know lol
Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks
Answer:
Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.
Explanation:
Pls mark as brainliest
When you start a new job, you receive a form that you use to prove that you are eligible to work in the U.S. What is this form?
I believe it's a Work Permit.
after three summers working for a local landscaping business, scott suggested that his boss add snow removal as an extra service. with this holistic hunch, scott was acting on ________ that snow removal might be a good addition to the service offerings.
Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.
Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.
Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.
Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.
Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.
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when individuals choose which information inputs will reach their awareness and ignore other inputs, they are using
You work at the Barnacle Boutique, and you are preparing to offer a class in which customers will hand-dye silk scarves using modern ebru techniques. According to the document, you will need: acid dyes and food coloring. vinegar and powder dye. acrylic paints and water. tissue paper and heat. natural earth pigments and pinewood.
ABC Company sold goods to XYZ traders on May 1, 2019. ABC company agreed to accept a Kshs.1,400,000 for 6 month, 12% note in payment for the goods. Interest is payable at maturity. Required: Prepare journal entries to record the above transactions
Answer: If you have ever taken out a payday loan, you may have experienced a situation where your living expenses temporarily exceeded your assets. You need enough money to cover your expenses until you get your next paycheck. Once you receive that paycheck, you can repay the lender the amount you borrowed, plus a little extra for the lender’s assistance.
There is an ebb and flow to business that can sometimes produce this same situation, where business expenses temporarily exceed revenues. Even if a company finds itself in this situation, bills still need to be paid. The company may consider a short-term note payable to cover the difference.
A short-term note payable is a debt created and due within a company’s operating period (less than a year). Some key characteristics of this written promise to pay (see (Figure)) include an established date for repayment, a specific payable amount, interest terms, and the possibility of debt resale to another party. A short-term note is classified as a current liability because it is wholly honored within a company’s operating period. This payable account would appear on the balance sheet under Current Liabilities.
Short-Term Promissory Note. A promissory note includes terms of repayment, such as the date and interest rate.
Explanation:
gross domestic product is the sum of the market value of the:
Answer:
The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.
Explanation:
Clickable text or images that take you to different sites on the World Wide Web are called
Attachments
Hyperlinks
Shortcuts
Navigation Buttons
Answer:hyperlinks
Explanation:
Clickable text or images that take you to different sites on the World Wide Web are called hyperlinks. Hence, Option (B) is correct.
Hyperlinks are an essential feature of the web that allows for seamless navigation and interconnectedness between web pages.
They are typically displayed as underlined or differently colored text or as clickable images.
When a user clicks on a hyperlink, it initiates an action that takes them to a different web page, whether it is within the same website or on a different website altogether.
Hyperlinks play a vital role in facilitating the exploration of information on the internet, enabling users to access related content, external references, sources, and various online resources.
Thus, hyperlinks serve as the fundamental mechanism for connecting and directing users to different sites on the World Wide Web.
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Clickable text or images that take you to different sites on the World Wide Web are called
A)Attachments
B)Hyperlinks
C)Shortcuts
D)Navigation Buttons