Answer:
The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another.
The 4 Ps are used by companies to identify some key factors for their business, including what consumers want from them, how their product or service meets or fails to meet those needs, how their product or service is perceived in the world, how they stand out from their competitors, and how they interact with their customers.
KEY TAKEAWAYS
The four Ps are the four essential factors involved in marketing a good or service to the public.
These are the four Ps: the product (the good or service), the price (what the consumer pays), the place (the location where a product is marketed), and promotion (the advertising).
The concept of the four Ps has been around since the 1950s; as the marketing industry has evolved, the concepts of people, process, and physical evidence have become important components of marketing a product, too.
As general price levels rise, the value of money
O is not affected
O stays the same
O rises
falls
Answer:
The value of money falls
Explanation:
When the general price of products rise, otherwise known as inflation, money can buy less of it. Therefore its value decreases.
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 25% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.
5. If 66,250 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
6. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated cost of raw materials purchases for July?
7. In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $99,275; and 66,250 pounds of raw materials are needed to meet production in August.
8. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July?
9. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?
10. What is the total estimated direct labor cost for July?
11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.)
12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated finished goods inventory balance at the end of July?
13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated cost of goods sold and gross margin for July?
14.What is the estimated total selling and administrative expense for July?
15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated net operating income for July?
5. If 66,250 pounds of raw materials are needed to meet production in August, the pounds of raw materials purchased in July is 58,375 pounds.
6. If 66,250 pounds of raw materials are needed to meet production in August, the estimated cost of raw materials purchases for July is $128,425.
7. In July, the total estimated cash disbursements for raw materials purchases is $105,105.
8. If 66,250 pounds of raw materials are needed to meet production in August, the estimated accounts payable balance at the end of July is $102,740 ($128,425 x 80%).
9. If 66,250 pounds of raw materials are needed to meet production in August, the estimated raw materials inventory balance at the end of July is 6,625 pounds.
10. The total estimated direct labor cost for July is $276,000.
11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated unit product cost? (Round your answer to 2 decimal places.)
Cost of raw materials per unit = $11 (5 x $2.20)
The estimated unit product cost under the above scenario is $18 ($11 +$7).
12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated finished goods inventory balance at the end of July is $58,500 (3,250 x $18).
13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated cost of goods sold and gross margin for July are as follows:
Estimated cost of goods sold = $198,000 (11,000 x $18)
Gross margin = $462,000 ($660,000 - $198,000)
14. The estimated total selling and administrative expense for July is $74,200 ($13,200 + $61,000).
15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated net operating income for July is $387,800 ($462,000 - $74,200).
Data and Calculations:Budgeted selling price per unit = $60
Sales Revenue Budget:June July August September
Budgeted unit sales 8,000 11,000 13,000 14,000
Budgeted sales revenue $480,000 $660,000 $780,000 $840,000
Cash Collections:30% month of sale $144,000 $198,000 $234,000 $252,000
70% following month 336,000 462,000 546,000
Production Budget:June July August September
Budgeted unit sales 8,000 11,000 13,000 14,000
Ending inventory (25%) 2,750 3,250 3,500
Units available for sale 10,750 14,250 16,500
Beginning inventory 2,000 2,750 3,250 3,500
Production units 8,750 11,500 13,250
Materials Purchase Budget:June July August
Production units 8,750 11,500 13,250
Materials requirements 43,750 57,500 66,250 (13,250x5)
Ending inventory 5,750 6,625
Production materials available 49,500 64,125
Beginning inventory 4,375 5,750 6,625
Purchase of materials 45,125 58,375
Purchase costs $99,275 $128,425
Payment for Purchase of Materials:20%, month of purchase $19,855 $25,685
80% following month $79,420
Cash disbursements $105,105
Direct Labor Budget:June July August
Production units 8,750 11,500 13,250
Direct labor-hours required 17,500 23,000 26,500
Direct labor costs ($12/hr.) $210,000 $276,000 $318,000
Budgeted unit sales 8,000 11,000 13,000
Overhead Budget:Variable selling and
administrative expense $9,600 $13,200 $15,600
Fixed selling and admin. exp. 61,000 61,000 61,000
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A company that deals in breakfast cereals advertises that its products contain all the essential nutrients necessary for the proper growth and development of children. This is an example of:
A company that advertises the benefits of its products in relation to essential nutrients for health and development is using a physiological appeal.
What are physiological appeals?They can be understood as triggers used by companies to highlight aspects of their products and services that may be attractive to their target audience.
Therefore, by highlighting the nutrients contained in its breakfast cereal, the company uses the physiological appeal to attract more consumers and increase product reliability.
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what are the business environmental analysis.?
Answer:
An environmental analysis is a strategic analysis tool to identify all of the external and internal factors that can affect a company's performance. The purpose is to assess the level of risk various environmental factors pose as well as the business opportunities they present.
A firm in a competitive market receives $1,160 in total revenue and has marginal revenue of $20.
The firm's average revenue is
$
, and
units were sold.
Assuming the total revenue and has marginal revenue of $20. The firm's average revenue is $20 and units sold is 58 .
Average revenue and units soldAverage revenue = Marginal revenue
Hence ,Average revenue is the marginal revenue amount of $20.
Units sold:
Units sold=Total revenue/Average revenue
Units sold=$1,160/$20
Units sold=58 units
Therefore the firm's average revenue is $20 and units sold is 58 .
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Question 1
Which of these is a main feature of the market economy?
A. Restricted resource use
B. The profit motive
C. Governmental regulation
D. Lack of private ownership of resources
Answer:
B
Explanation:
You are asked to take over a project that is behind schedule. As you review the project, you find the delays are due to scope creep. The project uses a reasonable change management plan that seems to be working. What is the likely cause of the scope creep?
Answer:
A risk that has become reality in your project has led to a cost increase.
A risk that has become reality in your project has led to a cost increase is likely cause of the scope creep.
What is the cost?The amount of money spent by a company on the creation or fabrication of goods or services is referred to as the cost. It does not include the profit margin. From the standpoint of a seller, cost is the amount of money spent to produce a good or product.
Costs are the expenses incurred by a business in order to produce goods and/or provide services. Costs are important in business because they are the thing that drains a company's profits.
Therefore, The most likely cause of scope creep is a risk that has become a reality in the project, resulting in a cost increase.
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#SPJ2
What is the function is your strongest, most obvious mental function?
Answer:
metail
Explanation:
becuse it made for rock bing melted up
What differences would you expect to see between the kinds of influence currencies that a project manager in a functional matrix would use and the influence a project manager of a dedicated project team would use
Project manager in a functional matrix had more lesser influence over one in a dedicated project team because:
the dedicated team allows a formal authority over the participantsthe dedicated team offers a greater access to influence currencies than the project manager in a functional matrix.Who is a Project manager?A Project manager is a manager with the responsibiltiy of planning, organizing and directing the completion of specific projects for such organization.
In conclusion, in a functional matrix, the manager sdoes compensate for their lack of formal authority by exercising informal influence through the use of relationships and personal currencies.
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A leverage ratio is any one of several financial measurements that look at how much capital a firm holds in relation to its total assets. For our purposes we define the bank's leverage ratio as equity capital divided by total assets.*
Go to the St. Louis Federal Reserve FRED database, and find data on assets less liabilities, i.e. bank capital (RALACBM027SBOG), and total assets of commercial banks(TLAACBM027SBOG). Starting in January 1995 until December 2018, calculate the bank leverage ratio and create a line graph of the leverage ratio over this sample (include the graph you created with your submission). Given the path of bank leverage over time, what can you conclude about moral hazard in the banking system over the time period considered?
* - Just to show how nebulous is the definition of the leverage ratio, the inverse of this ratio is also called a leverage ratio in other contexts.
Based on the data given in the database, the leverage ratios from 1995 to 2018 are:
1995 - 0.0828691996 - 0.0571421997 - 0.0571421998 - 0.0450941999 - 0.0410832000 - 0.0401612001 - 0.0448272002 - 0.046132003 - 0.0492422004 - 0.0555492005 - 0.0638062006 - 0.0671562007 - 0.0703862008 - 0.0698252009 - 0.0742352010 - 0.1132942011 - 0.1136462012 - 0.1147882013 - 0.1109412014 - 0.1078432015 - 0.1087832016 - 0.1095192017 - 0.1103212018 - 0.109845What does the data show?The leverage ratios shown above are yearly averages calculated by averaging the monthly leverage ratios.
Monthly leverage ratio:
= Bank capital / Assets of commercial banks
The attached line graph shows that moral hazard has increased overtime as banks have taken on more risk.
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..................................................................x
Type II error is also called a. Confidence level b. Consumer's risk c. Producer's risk d. Level of significance
Type II error has been known to be called a type of risk which is known as b. consumer's risk.
What is a Type II error?This refers to a scenario in statistics where a consumer does not reject a null hypothesis that is false.
It is called a consumer risk because a consumer might have a null hypothesis that a product is good and fail to reject this hypothesis leading to them picking a bad product.
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Entry for Cash Sales; Cash Over The actual cash received from cash sales was $315,280, and the amount indicated by the cash register total was $315,150.
Answer:
Dr Cash $315,280
Dr Cash short or Over $130
($315,280-$315,150)
Cr (cash register) Sales $315,150
Explanation:
Based on the information given the appropriate journal the entry to record the cash receipts and cash sales is:
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What does it mean to become a master adaptive learner and why is this important?
Please put a lengthy answer, this is a crucial question.
Answer:
Awnser below
Explanation:
The master adaptive learner model makes an important distinction between routine expertise—mastering performance to the extent that it becomes highly efficient and accurate, drawing on the specific knowledge and skills that an expert has learned over time—and adaptive expertise, which is based on the ideal that individuals will learn and innovate in response to practice challenges.
More Annual Dividends
Question 5 Attached
Based on the dividends paid on a semi-annual basis, the annual dividend for each of Susan's shares are $2.24.
What is the annual dividend?First find the quarterly dividend per share:
= Dividend / Number of shares
= 1,400 / 2,500
= $0.56
The annual dividend will be:
= Quarterly dividend x Number of quarters in year
= 0.56 x 4
= $2.24
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Provide an explanation of how his/her life will change economically, socially, and politically in a centrally planned economy.
Answer:spazz
Explanation:
spazz
Auto insurance is NOT what ?
A.necessary
B.required by law
C.optional if you own a car
D. Mandatory in any state
Answer:
The answer is c.
Explanation:
Answer:
C
Explanation:
If you own a car and only drive occasionally it wont be necessary but you should have adequate coverage.
XYZ is evaluating a project that would require the purchase of a piece of equipment for $580,000 today. During year 1, the project is expected to have relevant revenue of $756,000, relevant costs of $199,000, and relevant depreciation of $136,000. XYZ would need to borrow $580,000 today to pay for the equipment and would need to make an interest payment of $30,000 to the bank in 1 year. Relevant net income for the project in year 1 is expected to be $322,000. What is the tax rate expected to be in year 1
The expected tax rate in Year 1 for XYZ Corporation for its project under evaluation, requiring the purchase of equipment for $580,000, is B) A rate equal to or greater than 5.00% but less than 14.00%.
What is the corporate tax rate?The corporate tax rate in the United States is 21%. This is the proportion of the corporate taxable income that determines the tax liability.
However, based on the allowable expenses, including qualified interests that XYZ would pay for the purchase of the equipment, its effective tax rate may be reduced to between 5% and 14% because of tax-allowed deductions.
Answer Options:A) A rate less than 5.00% or a rate equal to or greater than 41.00%.
B) A rate equal to or greater than 5.00% but less than 14.00%.
C) A rate equal to or greater than 14.00% but less than 23.00%.
D) A rate equal to or greater than 23.00% but less than 32.00%.
E) A rate equal to or greater than 32.00% but less than 41.00%.
Thus, the expected tax rate in year 1 is B) A rate equal to or greater than 5.00% but less than 14.00%.
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The semiannual interest payment on a $10,000, 5% bond would be
a. $25.
b. $250.
c. $500.
d. $2,500.
Your company just started offering a profit-sharing plan, which could increase your total compensation by as much as 25%—if the company does well. This form of compensation is classified as:
If your company just started offering a profit-sharing plan if the company does well. This form of compensation is classified as: Incentive.
What is incentive?Incentive can be defined as the way of compensating a person by giving the extra money so as to encourage the person.
Since the proft sharing plan will tend to lead to increase in compensation by 25% in a situation where the company have increase in productivity. This is called incentive.
Therefore this form of compensation is classified as: Incentive.
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Find the definitions of the following words or expressions in terms of business.
1-Private sector
2-Sole proprietorship
3-Legal difference
4-Business activities
5-Partnership
6-Group of individuals
7-Businesses
8-Corporation
9-Incorporated business
10-individual
11-Owners
12-Unincorporated business
13-Company or firm
14-Legal person
15-Separation of ownership and Control
16-Corporation
17-Take over
18-Private company
19-Liquidation
20-management
21-Public company
Answer:
2
Explanation:
as;dlkfj
Suppose the government has determined that the socially optimal quantity of chemical pollution is 175 million tons per day. One way governments can charge firms for pollution rights is by imposing a per-unit tax on emissions. A tax (or price in this case) of $45 per ton of chemicals emitted will achieve the desired level of pollution. Now suppose the U.S. government does not know the demand curve for pollution and, therefore, cannot determine the optimal tax to achieve the desired level of pollution. Instead, it auctions off tradable pollution permits. Each permit entitles its owner to emit one ton of chemicals per day. To achieve the socially optimal quantity of pollution, the government auctions off 175 million pollution permits. Given this quantity of permits, the price for each permit in the market for pollution rights will be
Given this quantity of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45 as this ensures the socially optimal quantity of pollution, which could have been imposed as a tax.
What are pollution rights?Pollution rights are the rights given to firms in an economy to buy and sell government-issued licenses or permits.
Pollution rights or permits grant the holders the right to create and release a certain amount of pollution that achieves the socially optimal quantity.
Thus, given the number of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45.
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Which of the following will be shown
with an amortization table?
A. The decrease in interest paid over time.
B. The increase in interest paid over time.
C. The decrease in money needed over time.
D. The increase in money needed over time.
Answer: the answer is A
Explanation:
A: the decrease in interest paid over time
Because an amortization table show you how your payment breaks down to principal paid and interest paid, and will also keep track of how much principal you have left to pay
Pre-split price per share question
Question 2 Attached
The pre-split price per share of Xytox Corporation's stock before the 1-for-10 reverse split was $4.41.
What is a reverse split?A reverse split is the reduction of the number of shares of a corporation's stock.
When a corporation institutes a reverse split, the number of outstanding shares reduces to form a smaller number in proportion to the reverse split.
The fewer shares consolidate the stock at a higher price. A reverse split is the opposite of a stock split that increases the number of outstanding shares while reducing the share price.
Thus, the pre-split price per share of Xytox Corporation's stock before the 1-for-10 reverse split was $4.41.
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As an economic system how does Socialism function
Answer:
socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. socialism is based on tje idea that common or public ownership of resources and means of production leads to a more equal society.
Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit %. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit %. Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop A?
The profit per Lube for Shop A is $8.31.
What is the profit per unit?The profit per unit can be obtained by subtracting the cost of the product from the sale price.
Data and Calculations:Sales price per oil change = $275
Gross profit percent per oil = 39.1%
Cost of oil per gallon = $21.25
Selling price per gallon = $29.56 ($21.25 x 1.391)
Gross profit = $8.31 ($29.56 - $21.25)
Thus, the profit per Lube for Shop A is $8.31.
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What is collaborative business relationship
Answer:
developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.
Explanation:
THATS IS MY ANSWER
Select the correct answer from each drop-down menu.
Complete the following sentences related to IT policy in a workplace.
You can instill a sense of trust in your
You can also install an Internet
by allowing them to use the Internet for
system to protect the data in your systems.
use for a limited time.
Answer:
You can instill a sense of trust in your employees by allowing them to use the Internet for personal use for a limited time.You can also install an Internet security system to protect the data in your systems.
Explanation:
Answer:
Clean your screen
Explanation:
ts dirty
Firms making a loss will compare the losses if it shuts down to the losses if it operates in the short run. What quantity will the firm produce if it shuts down in the short run
The quantity that would be produced by a firm that shuts down in the short run is zero units.
When would a firm shut down in the short run?
The short run is a period when at least one or more factors of production are fixed and the others are variable. In the short run, if the average variable cost is greater than the price, the firm should cease production. This means that zero units of output would be produced.
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The world is the house of all relatives.explain it.
Explanation:
would is our house.
all peoples that live on this earth they are our relatives.
all peoples and animals are our family.
all are our brothers and sisters.
I love this world.
we have to always give respect to our parents, teacher and all elders.
The world is the house of all our relatives' simply means that the world belongs to each one of us and that we are a one big family. Everyone is bonded by the fabric of life and that makes us all alike and related.
This line denotes the idea that every single person on earth is connected to one another in one way or the other. No man is stranger because if we look closely, we are all from the same genus.
It is important that we treat each other respectfully and dearly for we are all a part of one big family.