If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.
(a) Define the terms: (1) Gross Domestic Product
Answer:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
Explanation:
An incomplete cost of goods manufactured schedule is presented below.
Complete the cost of goods manufactured schedule for Riverbed Company. Assume all raw materials are direct materials.
Work in process (1/1)
$222,600
Direct materials
Raw materials inventory (1/1)
$enter a dollar amount
Add: Raw materials purchases
168,000
Total raw materials available for use
enter a total of the two previous amounts
Less: Raw materials inventory (12/31)
24,500
Direct materials used
$190,800
Direct labor
enter a dollar amount
Manufacturing overhead
Indirect labor
19,600
Factory depreciation
37,900
Factory utilities
72,600
Total overhead
130,100
Total manufacturing costs
enter a total amount for the first part
Total cost of work in process
enter a total amount for all two parts
Less: Work in process (12/31)
85,600
Cost of goods manufactured
$572,400
Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:
Cost of Goods Manufactured ScheduleWork in process (1/1) $222,600
Direct materials:
Raw materials inventory (1/1) $ 47,300
Add: Raw materials purchases 168,000
Total raw materials available for use $215,300
Less: Raw materials inventory (12/31) 24,500
Direct materials used $190,800
Direct labor $114,500
Manufacturing overhead:
Indirect labor 19,600
Factory depreciation 37,900
Factory utilities 72,600
Total overhead 130,100
Total manufacturing cost $658,000
Total cost of work in process $658,000
Less: Work in process (12/31) 85,600
Cost of goods manufactured $572,400
What is the Schedule of Cost of Goods Manufactured?The Schedule of Cost of Goods Manufactured shows the costs of:
Beginning Work in ProcessRaw materials usedDirect laborOverheadLess Ending Work in Process.Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is $572,400.
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A one-year insurance policy was purchased on June 1 for $1,920. Journalize the adjusting entry required on December 31. If an amount box does not require an entry, leave it blank.
Dec. 31
- Select - - Select -
- Select - - Select -
The adjusting entry will be $1120 for the insurance expense. The insurance expense will be debited while the prepaid balance is credited.
How to calculate the insurance expense?From the information given the insurance expense will be;
= $1920 × 7/12
= $1120
The prepaid balance will also be $1120. Therefore, the adjusting entries will be to debit and credit the amount of $1120.
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Exercise Answer the following questions 1. What is teaching? Write.
Answer:
Teaching can be defined as engagement with learners to enable their understanding and application of knowledge, concepts and processes. It includes design, content selection, delivery, assessment and reflection
Explanation:
mark me as a brilliant
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of 500. If both players choose strategy B, each earns a payoff of 100. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns 0 and player 2 earns 650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns 650 and player 2 earns 0.
a) Write the above game in normal form.
b) Find each player’s dominant strategy, if it exists.
c) Find the Nash equilibrium (or equilibria) of this game.
d) Rank strategy pairs by aggregate payoff (highest to lowest).
e) Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?
Answer:
a) The normal-form game with the two-player, one-shot, simultaneous–move game with each player choosing strategy A or strategy B along with the possible outcome is given by: (see attached image)
b) Dominant strategy is the strategy of a player which provides maximum payoff to the player irrespective of other player's actions.
Player 1 dominant strategy = when he chooses strategy B
Player 2 dominant strategy = when he chooses strategy B
c) Nash equilibrium is the strategy set of the players in which no individual player can be better off by deviating from their own strategy, given the other player's strategy.
Strategy A is the Nash equilibrium
d) AA = $800
AB , BA = $700
BB = $400
e) Yes because the Nash equilibrium is the same as the highest ranking strategy pair (AA = $800)
S
Select the correct text in the passage.
Which sentence describes equilibrium in supply and demand?
A cell phone manufacturing company decided to use a price-skimming strategy to enter the market. It set the price of its phones at $450. However, a range of other
premium smartphones was already available in the market, and thus the product did not achieve a good demand. Eventually, when the price of the phone fell to $300,
demand for the product increased and profits began to soar. Now, market research suggests that if the company reduced its price to $275, the quantity demanded would
also rise. The rise in demand was predicted to be 30 percent. However, a profit study revealed that to increase demand, it would have to compromise on profits. Thus, the
company decided to leave the price at $275. This would help them gain enough customers to make a profit while also manufacturing enough phones to meet demand.
The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.
What is an equilibrium in supply and demand?This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.
Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.
Therefore, the Option C is correct.
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What is a common way to purchase an automobile?
Answer: with cash.. or you can set a loan
Explanation:
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
The asset that is the most liquid is a certificate of deposit. This is further explained below.
What is a certificate of deposit?Generally, a certificate of deposit is simply defined as depositors who put money in the bank for a certain period of time being given a certificate of deposit.
In conclusion, The asset that is the most liquid is a certificate of deposit
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A order comes in for two bean burritos and one crunchy taco the starter starts grilling the
tortilla...what should the finisher do
Answer:
assembling them
Explanation:
An order comes in for two bean burritos and one crunchy taco the starter starts grilling the tortilla. Assembling is the best move. This is further explained below.
What is Assembling?Generally, to assemble in one area for a shared objective.
In conclusion, The starter begins grilling the tortilla as an order comes in for two bean burritos and one crispy taco. It's smartest to band together.
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Prepare a statement of retained earnings in proper form for White Corporation
The Retained earning for White Corporation is $5,200 for the year ended December 31, 2012.
What is retained earning?After deducting all of a company's overhead expenses, income taxes, and profits for shareholders, the amount of profit left over is known as retained earnings.
Following is the statement of retained earning for White Corporation-
Retained Earning $2,000
less(Dividend) -$800
Balance = $1,200
add(Net income) +$3000
add (Rent Expense) +$1,000
Retained earning = $5200
Therefore, the Retained earning for the year ended on December 31, 2012 of White Corporation will be $5200.
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can u solve this plsss
The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.
What is Financial Liberalization?This refers to the removal of regulatory control in the financial sector to promote economic growth.
The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.
Hence, we can see that the key aspects of the liberalization program were:
MergersAcquisitions.The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.
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Hugo Munsterberg is known as
Answer:
A Famous German Psychologist
Answer:
A physiologist.
Explanation:
"Hugo Münsterberg was a German-American psychologist" (Wikipedia.) I hope this helps! :)
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region is known as _____.
A. geographic segmentation
B. price segmentation
C. demographic segmentation
D. time segmentation
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region, it is known as geographic segmentation.
What are consumer preferences?The products or commodities, which are demanded by consumers in a specific quantity at a given price due to the utility it brings to an individual consumer, is known as a consumer preference.
Hence, option A holds true regarding consumer preference.
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What is TRUE about permanent life insurance?
Because permanent (whole) life insurance protects the insured for their entire life, premiums are due each year until the insured dies. This may prove to be expensive when the insured is retired, and does not earn an income. The correct answer is: The premium-paying period may extend beyond the income-earning years.
Becker and Riaan Nursery owes Big Nursery Suppliers an amount of R35 000. Due to tough economic conditions, Becker & Riaan Nursery had to resort to providing services on credit and their clients owe them R45 000. Becker & Riaan Nursery also owns equipment to the value of R15 000 and had an unfavourable bank account balance of R20 000.
What is the net worth (equity) of Becker & Riaan Nursery on 28 February 20.2?
The net worth (equity) of Becker and Riaan Nursery on February 28, 2022, is $5,000.
What is net worth (equity)?The net worth (equity) represents the excess of financial and non-financial assets over the liabilities of the entity.
Sometimes, an entity or individual may have a negative net worth. Negative net worth shows that the liabilities exceed the assets.
Data and Calculations:Accounts Payable (Big Nursery Suppliers) = R35,000
Accounts Receivable = R45,000
Equipment = R15,000
Bank overdraft = R20,000
Assets:Accounts Receivable = R45,000
Equipment = R15,000
Total assets = R60,000
Liabilities:Accounts Payable (Big Nursery Suppliers) = R35,000
Bank overdraft = R20,000
Total liabilities = R55,000
Net Worth (excess of assets over liabilities or equity) = R5,000 (R60,000 - R55,000)
Thus, the net worth (equity) of Becker and Riaan Nursery on February 28, 2022, is $5,000.
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__________________________
Answer:
ano yan wala namang question ehh
In the scenario from question 1, no product was lost or consumed so the net balance remained the same. Why would an organization need to account for location changes of their inventory? Provide a Mathematical example to support your rationale.
Organization need to account for location changes of their inventory because the control of Inventory helps them to know the amount of inventory that they have.
What is inventory location?An Inventory locations is known to be seen as places where inventory is said to be saved and where it is distributed.
Note that Organization need to account for location changes of their inventory because the control of Inventory helps them to know the maximum amount of profit as it is gotten from the least amount of investment in stock without influencing customer satisfaction.
Therefore, Profit = Amount of stocks available - inventory sold.
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Select the appropriate response
Question 2
According to State Farm guidelines, would betterment potentially apply when refinishing a complete
vehicle?
Yes
No
Which of the
following
statements
would be true if
there was a large
immigrant
population
coming into the
country?
A. The will be a
shortage of workers.
B. There will be a
surplus of workers.
C. Unemployment will
decrease.
9
Answer:
B...................................
law of demand states that
Answer:
The higher the price the higher the quantity demand.
Explanation:
The law of demand states that the higher the price, the higher the quantity of goods and services demanded at a given period of time.
explain how mobile commerce provides easy access to stores to society
1. Which of the following is NOT usually considered a member of the
executive committee of a hotel?
A. Director of Catering
B. Rooms Division Manager
C. Director of Food and Beverage
D. Director of Engineering
Answer: It should be B
Rooms Division Manager is not usually considered a member of the executive committee of a hotel. Hence, option B is correct.
What is Rooms Division Manager?The personnel in charge of the hotel's front desk, guest services, and cleaning are all supervised by the managers of the rooms division. They answer to the general manager and are in charge of making sure that the guests receive exceptional service.
The section responsible for handling reservations, the front desk, housekeeping, concierge, guest services, and security are just a few examples of the divisions that make up a hotel.
The manager of the rooms division in a hotel oversees coordination between housekeepers and front desk personnel. Their responsibilities also include maintaining quality standards, assigning tasks, preparing schedules, providing leave, and allocating resources, in addition to greeting VIP visits and reporting to general managers.
Thus, option B is correct.
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This course has covered various aspects of managerial accounting that are meant to give you the foundation needed to understand, analyze and evaluate a company’s performance as a company manager as well as an external user of financial information.
Given your personal and professional goals, which of these tools will be of greatest benefit to you (describe at least 3)? Why? Be specific.
Personal and professional goals help to grow in personal and career graphs. My personal goal can be having my own house within 2 years. The professional goal can be having a managerial post in a leading company.
What do you mean by Goals?A goal refers to an objective or outcome for the future that a person wants to achieve. These goals help to design the life structure of an individual. these goals can be personal and professional.
These help to improve the productivity of individuals by motivating them. It helps individuals to perform better, and to seek growth personally and professionally.
It helps in measuring and analyzing the performance of the individual and evaluating and understanding whether the performance is matching to the standards or not.
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The place where buyers and sellers interact is called a _____.
A. market segmentation
B. market share
C. market
D. target market
Answer:
Market
Explanation:
I had this question so I know hope this helps!
Answer: The other person was correct give them brainiest.
Explanation:
The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 2017, follow:
Fees earned
$1,870,000
Office expense
343,000
Miscellaneous expense
21,000
Wages expense
1,115,000
Prepare an income statement for the year ended April 30, 20Y7. Be sure to complete the statement heading. Refer to the lists of Accounts in
the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Enter amounts as
positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses
should be positive. A colon (:) will automatically appear if it is required.
The income statement for the year ended April 30, 20Y7 is $391,000.
Income statement
Up-in-the-Air Travel Service Income statement for the year ended April 30, 2017
Revenue:
Fees earned $1,870,000
Expenses:
Office expense $343,000
Miscellaneous expense $21,000
Wages expense $1,115,000
Total expenses $1,479,000
Net income $391,000
($1,870,000-$1,479,000)
Therefore the net income is $391,000.
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Every line manager is a HR Manager-explain?
Answer:
assists managers with recruitment, motivation and maintaining employees within the organisation
I'LL MARK BRAINLIEST PLEASE ANSWER FAST (14 POINTS)
To achieve your overall vision of your life, you’re going to have to piece together a lot of _____________ and effort.
A. different parts of your life
B. memories
C. different goals
D. different regrets
Answer:
The answer is B :)
Explanation:
According to the research presented in the article, how does stress affect memory of consequences?
It is more challenging to learn when under stress because people find it more challenging to form short-term memories and convert those short-term memories into long-term memories. Stress can have an impact on the kinds of memories we create.
How does stress affect memory of consequences?Acute and long-term alterations brought on by stress can harm some parts of the brain. The most common memory impairment caused by excessive stress hormone production is long-term delayed recall memory, although it can also improve short-term, instant recall memory. This improvement is most noticeable in emotional memory.
According to the research analyzed, stress does affect retrieval in healthy young men, especially when it is introduced with the TSST in the afternoon and up to 45 minutes before the start of the final memory test.
Studies have shown a bidirectional association between stress and memory. Stress can impact memory formation and retrieval, and traumatizing memories can trigger stress.
Thus, It is more challenging to learn when under stress.
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c. To maintain its enviable position Kohl’s Corporation added other product lines that are of interest to their target market. Identify a y three of them.
To maintain its enviable position Kohl’s Corporation rebranding and introduction of new products can be done.
How do we maintain positioning in market?It is important to make some atrategic decision-makers to improve a particular Companies performance.
Rebranding of a particular products and introduction of new products are ways to improve productivity.
Therefore, To maintain its enviable position Kohl’s Corporation rebranding and introduction of new products can be done.
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Stockholders, employees and environmentalists are examples of stakeholders whose interests
Stockholders, employees and environmentalists are examples of stakeholders whose interests often conflict.
What is conflict?Conflict refers to the disagreement among the two individual or the group which occurs due to the difference in the ideas, thoughts, attitudes, understanding and interest or opinion.
The interest of the stockholders, employees and environmentalist often tends to conflict because stockholders wants the company to maximize the profits as much as possible, employees wants to increase salary and promotion.
Environmentalist wants to industrialist ans other stockholders to show some concern over the environment and spend some of their earnings in for the environmental growth.
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