Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the most appropriate answer is option (B) because the member of the music band when it comes to advertisement wearing particular company shoes, it becomes a reference for the fans of that band and shoe company sales increases.
While the other options are not appropriate because of the following reasons:
Membership is a concept to get a subscription or become a customer but the scenario doesn't show any type of membership with the band. Group subculture is incorrect because subculture is a concept where there are differences within the same culture. Laggard is incorrect because the members of the band is not copying anyone.In marketing and consumer research, the conative component of the tricomponent attitude model is frequently treated as an expression of the consumer's ________.
A) attitudeB) level of familiarityC) intention to buyD) attitude toward the objectE) ego-defensive function
Answer:
C. Intention to buy
Explanation:
Attitude simply represents behaviour which is learned that makes an individual respond either in a favourable or unfavourable way to a particular object. It could be a good, service, product among others. Attitude is important in determining consumer behaviour and it greatly affects marketing
The Tricomponent Attitude Model is one of four categories of attitude models usually considered in marketing. The model consists of 3 parts or components as follows
a. The cognitive component- deals with the perceptions and knowledge of consumers about services, products or brands
b. Affective component- this general measures or assesses the disposition of a consumer to a product and it measures as favourable or unfavourable
c. Conative component- This component of the tricomponent attitude mode is basically concerned with the consumer's intention to buy a particular product, patronise a brand or request a service.
Answer:
C) intention to buy
Explanation:
Conative component is a component of the tricomponent attitude model, it is concerned with the tendency that a person will act in a particular way with regard to the attitude object.
Intention to buy in marketing can be used to access the possibility of a consumer to purchase a product or behave in a particular way.
Managers in a home improvement company have been having problems with employees starting cliques. To develop more of a team culture, the CEO suggested utilizing Mary Parker Follett’s belief: companies should________________.
Answer:
Operate as a community, with employees working in harmony.
Explanation:
Community engagement is the ability to generate positive, noticeable change for both the societies you function in and your corporation. Sources of community participation include in-kind and charitable contributions, service days for staff, ongoing collaborations with non-profits and more.A nice and peaceful work environment is one where all employees are treated with respect and dignity, and thus no worker is harassed by conduct connected to religious preferences.First Principles — End of Chapter Problem Describe some of the opportunity costs when you decide to do the following.
a. Attend college instead of taking a job Being able to find a better, more highly paid job after graduation
b. Developing a deeper understanding of concepts that will benefit you when you do eventually take a job
c. The income you would have earned on the job and the valuable on-the-job experience you would have acquired Foregoing the joy of learning
Answer:
First of all, opportunity costs are the costs of choosing one alternative activity or investment over another.
A) When you decide to attend college, you are going to pay a lot money instead of working and being able to earn money right away. The opportunity costs of going to college are the lost wages and experience that you could have acquired at a job. Most people who attend college are willing to sacrifice lost wages (at least 4 years of lost wages) and working experience in order to have the possibility of obtaining a better paying job once they graduate.
Questions B and C are directly related to question A, there are no alternative actions presented.
If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in the quantity demanded of 25 percent, demand for Red Bull is _______ in this range.a. inelasticb. elasticc. verticald. unit elastic
Answer:
Elastic
Explanation:
Elasticity = 25% / 20% = 1.25
The demand is elastic .
Demand is elastic if the coefficient of elasticity is greater than 1.
If demand is elastic, it means a change in price leads to a greater change in the quantity demanded.
I hope my answer helps you
T/F A market-oriented organization focuses on making products identical to its competitors' offerings
Answer: False.
Explanation:
A market oriented business doesn't focus mainly on making products offered by their market competitors. A market oriented business is a form of business that identifies customers needs and creates products that meets those needs.
The attainable production points on a production possibility curve are
Answer:
Points along and inside the PPF (Production Possibilities Frontier)
Explanation:
PPC stands for Production Possibility Curve, which measures or evaluates the maximum output of the two goods and that is using the fixed amount of input.
The point on the curve states how much or amount of each good is to produced when the resources are shifted or moved from making more of one good or less of the other one.
Therefore, the attainable production points on the PPC are the points that are inside and along the production possibilities Frontier (PPF).
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study
a. is positive
b. outweighs the extra cost
c. exceeds the benefits of the previous hour of study
d. will raise your exam score
Answer:
(b). outweighs the extra cost
Explanation:
As per the principles of marginal analysis, the extra benefit of performing a task must outdo the extra cost associated with the same.
Marginal refers to something extra which is earned or incurred when an additional unit of output is produced/sold.
So as per marginal principle, an activity should only be taken up if extra benefit derived from it exceeds the extra cost that would be incurred.
Hence, the correct option is (b). outweighs the extra cost.
____ involves completely disclosing to participants the goals and procedures involved in the study and obtaining their agreement to participate.
Answer: The correct answer is OBTAINING INFORMED CONSENT.
Explanation: TIPS: In obtaining informed consent, participants are fully informed of the subject about his or her rights, the aim of the study, the procedures to be undertaken, the pros and cons of their participation, length of time of the study.
This is to ensure that the participation of subjects in the study is entirely voluntary and decision is not influenced.
As many organizations have cut costs and streamlined their organizational design to respond better to customer needs, they have pushed decision-making authority to ________.
Answer:
the lowest levels in the organization.
Explanation:
Organizations have flattened, that means that they have reduced the number of levels and instead of operating like a tall pyramid, they are operating like very flat pyramids with a lot more subordinates per supervisor and/or manager. As a result of this, employees at the operating levels are now able to make certain decisions regarding customers' needs that before needed to be approved by a manager or supervisor.
For example, under certain conditions, retail clerks can offer discounts to customers without asking permission from their supervisor.
Manistee Corporation reported taxable income of $1,200,000 this year and paid federal income taxes of $408,000. Not included in the computation was disallowed entertainment expenses of $25,000, tax-exempt interest of $20,000, and a net capital loss of $50,000 incurred this year. Manistee is an accrual basis taxpayer. The corporation’s current earnings and profits this year would be:
A. $1,200,000
B. $1,145,000
C. $787,000
D. $737,000
Answer:
corporation current earning and profits = $737000
Explanation:
given data
taxable income = $1,200,000
paid federal income taxes = $408,000
entertainment expenses = $25,000
tax-exempt interest = $20,000
net capital loss = $50,000
solution
we get here corporation current earning and profits that will be as
corporation current earnings and profits = taxable income - paid federal income taxes - entertainment expenses + tax-exempt interest - net capital loss ................1
put here value we get
corporation current earning and profits = $1,200,000 - $408,000 -$25,000
+ $20,000 - $50,000
corporation current earning and profits = $737000
Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,500. a. What is the value of the shareholders' equity account for this firm?
Answer:
equity = $19500
Explanation:
Given data:
current assets $3900
net fixed assets $26,500
current liabilities $3400
debt = $7500
Total liabilities = current liabilities + long term debt
= 3400 + 7500 = $ 10,900
Total assets = current assets + net fixed assets
= 3900 + 26,500 = $30,400
We know
total assets = total liabilities + equity
30400 = 10900+ equity
equity = $19500
When a grant-application package lists eligible applicants, it is just a suggestion. This is America: all organizations are eligible to apply for all grants.
Answer:
false
Explanation:
The United States government do make some monies available to individuals or organisation in the form of grants, for the achievement of set purposes or goals. Not everyone or organisation can be eligible for all the available grants at any time. People are expected to look through various application processes to know if they are legally eligible to apply for any grant in order to avoid wasting their time and money during application.
Bramble owes $2.9 million that is due on February 28. The company borrows $2,340,000 on February 25 (5-year note) and uses the proceeds to pay down the $2.9 million note and uses other cash to pay the balance. How much of the $2.9 million note is classified as long-term in the December 31 financial statements?
Answer:
It is $2,340,000
Explanation:
Since the old debt of $2.9 million has been discharged using new debt issued of $2,340,000 and some cash, the value of the new debt issued will be recognized as a new liability.
However, the balance that will be recognized as long-term will be the liability that is payable after one year while the element that is payable within a year will be recognized under current liability in the financial statement at the end of the year.
Variable universal life insurance policies:
A. have fixed premiums and a fixed benefit payout.
B. have fixed premiums but allow the benefit payout to vary with investment returns.
C. have a fixed benefit payout but allow the premium to vary with investment returns.
D. allow both the premium and benefit payout to vary with investment returns
Answer:
D. allow both the premium and benefit payout to vary with investment returns
Explanation:
Variable universal life insurance policies allow both the premium and benefit payout to vary with investment returns. In the variable universal life insurance policy it is flexible and gives insured with the option to invest as well as alter the insurance coverage with ease. Policyholder has the option to decide the amount and the frequency of premium payment in a specific limits.
Suppose the U.S. Drug Enforcement Agency steps up its efforts to control the illegal importation of cocaine into the United States. What is the likely effect on the market for illegal drugs in the United States?
Answer:
The Price of Cocaine would rise drastically
Explanation:
If U.S Drugs Enforcement Agency impose higher restrictions in an effort to control illegal import of cocaine into the United States, this would directly impact the market for illegal drugs in the following ways:
Since more restrictions get imposed, the procurement cost of cocaine alongside the risk associated with it in the form of higher penalties and prosecution, both will rise.The supply of cocaine would shrink in the market.The above two outcomes would result into the procurers and peddlers demanding much greater price for the same quantity of cocaine so as to compensate for the higher risk assumed and higher procurement costs associated.Thus, price of cocaine will rise drastically as an outcome of such a move.
Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation%u2014 Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. The unadjusted trial balance for Sierra Corp. is shown in Illustration 4-4 (page 168). Instead of the adjusting entries shown in the text at October 31, assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $75. 4. As of October 31, services worth $800 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $280. 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,400.
Adjusting entries for Sierra Corp. on January 31 include adjustments for supplies used, expired insurance, depreciation, performed services (both billed and unbilled), accrued interest, and accrued salaries.
Explanation:Based on the given adjustment data, the adjusting entries for Sierra Corp. will be as follows:
Supplies Expense: Debit $500 and credit Supplies $500, representing the supplies used up.Insurance Expense: Debit $100 and credit Prepaid Insurance $100, indicating expired insurance.Depreciation Expense—Equipment: Debit $75 and Accumulated Depreciation—Equipment: Credit $75, accounting for the depreciation.Service Revenue: Debit Unearned Revenue $800 and credit Service Revenue $800, reflecting services that have been performed.Accounts Receivable: Debit $280 and credit Service Revenue $280, addressing services performed but not yet billed.Interest Expense: Debit $70 and Interest Payable: Credit $70, relating to accrued interest.Salaries Expense: Debit $1,400 and Salaries Payable: Credit $1,400, covering accrued salaries.Learn more about Adjusting Entries here:https://brainly.com/question/33175618
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The price elasticity of demand is:
a) the ratio of the percentage change in quantity demanded to the percentage change in price.
b) the responsiveness of revenue to a change in quantity.
c) the ratio of the change in quantity demanded divided by the change in price.
d) the response of revenue to a change in price.
Answer:
a) the ratio of the percentage change in quantity demanded to the percentage change in price.
Explanation:
The formula of the price elasticity of demand is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
Change in quantity demanded would be
= Q2 - Q1
And, average of quantity demanded would be
= (Q1 + Q2) ÷ 2
Change in price would be
= P2 - P1
And, average of price would be
= ($P1 + P2) ÷ 2
The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price, making option a) the correct answer. It's a fundamental concept in economics that describes how sensitive the demand for a product is to changes in its price.
The price elasticity of demand is understood as the ratio of the percentage change in quantity demanded to the percentage change in price. This concept is critical in understanding how sensitive the demand for a product is in relation to its price changes. The correct answer to the given question is a) the ratio of the percentage change in quantity demanded to the percentage change in price.
Price elasticity of demand illustrates how demand for a product can significantly vary with a slight change in its price, enabling businesses and economists to predict potential revenue changes. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. Understanding this concept is crucial not only in setting prices but also in anticipating market dynamics and consumer behavior.
Individual Retirement Accounts (LO 5.3) Mary has a Roth IRA held more than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Mary is 55 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Mary?
Answer:
$8,000
Explanation:
Since Mary is not 59 1/2 years old yet, the distributions she gets from her Roth IRA will be taxed (she only met the 5 year rule). She will have to pay a 10% penalty and income taxes on the earnings that she withdraws.
Mary will have to pay only for the earnings that she withdraws, and luckily for her the contributions are withdrawn first. Mary's earnings = $38,000 - contributions = $38,000 - $30,000 = $8,000
Final answer:
Mary will owe no tax on the $38,000 distribution from her Roth IRA because she is over 55, has held the account for more than 5 years, and Roth IRA distributions are tax-free under these conditions.
Explanation:
Concerning the question about how much of Mary's Roth IRA distribution will be taxable, we need to consider the characteristics of a Roth IRA. Since Mary has held the Roth IRA for more than 5 years and is older than 59 and a half, her distributions are generally tax-free, comprising both her contributions and any earnings on the investments.
As she contributed $30,000 and is withdrawing $38,000, it implies that she is taking out her contributions ($30,000) and a portion of the earnings ($8,000). However, because Roth IRA distributions are tax-free for individuals over 59 and a half and the account has been open for more than 5 years, Mary will owe no tax on the $38,000 distribution.
A company had the following amounts at the end of the year: Cash $ 11,200 Supplies Expense 1,500 Dividends 2,600 Service Revenue 23,500 Prepaid Rent 4,300 Salaries Expense 8,200 Accounts Payable 12,700 Land 36,900What amount would the company report for net income?a. $11,200. b. $6,900. c. $13,800
Answer:
$13,800
Explanation:
The computation of the net income is shown below:
= Service Revenue - Supplies Expense - Salaries Expense
= $23,500 - $1,500 - $8,200
= $13,800
We simply deduct the expenses from the revenues so that the net income could come
And, the other items which are mentioned have come under the balance sheet. Hence, ignored it
Max Weber believed that a company that is a bureaucracy never achieves a competitive advantage because it is inefficient and is plagued with management problems.True or False
Answer:
False
Explanation:
Max Weber's theory on bureaucracy was in favor of efficiency and rationality in the way of operations either of a governing system or a business organisation.
Bureaucracy is the structure of administration governing any particular large organisation either a public/government organisation (ministry) or a private organisation (companies and firms). Bureaucracy as far as a company is concerned is the hierarchy structure that oversees the affairs of the business.
Hence, Max Weber speaks in favour of the fact that bureaucracy brings efficiency and rationality in how organisational activities are conducted and that the introduction of hierarchical structures reinforces this rationality as well as the maximization of efficiency as well as order in an organisation.
"A(n) ________ is a name, term, sign, symbol, design, or a combination of these, that identifies that maker or seller of a product or service."
Answer:
Brand
Explanation:
Brand is the marketing strategy that makes the distinct product of the company from the other company dealing in the same type of products.
It could be name, term, sign, symbol, design, etc so that an individual can make a difference and interpret that this product is of which company.
Most people are brandholic they purchase the product from their particular brands.
The motive of the brand is to know the company products either by worth of mouth or by their distinctive features.
Given the law of demand, you would expect the rise in the price of gasoline to ______ the quantity of gasoline demanded and ______ the demand for gasoline.A. decrease; decreaseB. not change; decreaseC. decrease; not changeD. increase; decrease
Answer:
C. decrease; not change
Explanation:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.
I hope my answer helps you
The Do It Yourself Hardware Store is a monopolistically competitive firm. Its marginal revenue curve
A. lies below its demand curve intersecting the quantity axis at the same point at which the demand curve intersects it.
B. is below its demand curve if demand is elastic and above the demand curve if demand is inelastic.
C. is identical to its demand curve.
D. lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
Answer: The marginal curve lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
Explanation:The marginal curve is negatively sloped because a monopolistic competitive firm is a price taker. Firms in a monopolistic competitive market are similar and are only differentiated by the physical appearance of the product and marketing strategy of the firm, this mean the competition is stiff and in order to sell an extra unit of a product the firm must reduce its selling price just a little below the prevailing market price or price of competitors. Hence, Marginal revenue is lower than Average revenue
When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be debited or credited. Instead, the account which ultimately affects retained earnings should be debited or credited. True or false?
Answer:
True
Explanation:
As we know that the ending balance of retained earnings is computed by considering the following equation
= Starting balance of retained earnings + net income - dividend paid
Since the net income which is come by subtracting the expenses from the revenue and the dividend paid is debited or credited at the time of passing the journal entries instead of retained earning account because these above accounts are got affected.
Like expenses account are always debited while the income account are always credited
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Complete Question. A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
The beneficiary has the right to contribute to the trust.The beneficiary has the right to withdraw a contribution (gift) to the trust. The beneficiary has the right to make income distributions to the trust.The beneficiary has the right to make corpus contributions to the trust.Answer:
2. The beneficiary has the right to withdraw a contribution (gift) to the trust.
Explanation:
The Crummey power, to convert future interest gift to a present interest gift beneficiaries are allowed to withdraw contributions to a trust within a specific period of time usually 30 to 60 days.
The total withdrawal amount should be equal to the annual gift tax exclusion in a specific time period otherwise the asset will belong to the trust.
Wanderberg Machines went on a whirlwind tour that consisted of meetings in 12 key cities where the firm presented its business plan to groups of investors. This tour was a ______.
Answer:
Road show
Explanation:
In business, a roadshow usually refers to carrying on a series of presentations (shows) on different locations (the road part) where potential investors are invited. Usually roadshows take place before an initial public offering (IPO) or prior to a large issue of stocks. This events bring together potential investors and executive management.
Equipment that cost $411000 and on which $194000 of accumulated depreciation has been recorded was disposed of for $173000 cash. The entry to record this event would include a ________.
Answer:
Given that,
Cost of equipment = $411,000
Accumulated depreciation = $194,000
Dispose accumulated depreciation for cash = $173,000
The Journal entry is as follows:
Cash A/c Dr. $173,000
Accumulated depreciation A/c Dr. $194,000
Loss in Disposal A/c Dr. $44,000
To Equipment a/c $411,000
(To record the accumulated depreciation and dispose off.)
Loss in Disposal:
= Cost of equipment - Accumulated depreciation - Dispose accumulated depreciation
= $411,000 - $173,000 - $194,000
= $44,000
Property rights are legally established titles to the ownership, use and disposal of _____ and goods and services that are enforceable in the courts. A. environmental factors B. factors of production C. land D. capital
Answer: (B) Factor of production
Explanation:
The factor of production is the term which refers to the various types of resources, labor, capital and the land are the factors of the production. The production of the goods and the services are basically use for producing the economical profits.
The factor of production are majorly used for producing and also creating the various types of products in the market for the purpose of building the economy.
According to the given question, the property rights establishing the title of the given ownership of the products and the factor of production which us enforceable in courts.
Therefore, Option (B) is correct answer.
1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
Answer:
1- planning
2- command
Explanation:
1- Planning deals with thoughts and organising the tasks required to attain a target goal.... Planning is also a management process which deals with defining goals for the long term viability of a company and deciding the tasks and resources to achieve those goals
2- Command directs the company with plans well thought out to work effectively. Command incorporates the organisation's framework to make it more effective.
Eliza is a kindergarten teacher for Alexander Hamilton Elementary School. Eliza decorates her classroom with new artwork, posters, bulletin boards, etc. In 2018, she spends $470 on materials and supplies for her classroom. The school reimburses her $100 (the annual reimbursement limit). Eliza can deduct _________ for AGI and _________ from AGI.
Answer:
Eliza can deduct $250 for AGI and $0 from AGI.
Explanation:
Due to the Tax Cuts and Jobs Act, a teacher can only deduct classroom expenses up to $250.
The $250 are above the line deductions that lower your adjusted gross income (AGI), while the $0 represents below the line deductions made once your total AGI has been calculated.