Answer:
Inside selling
Explanation:
Inside selling is also called remote or virtual selling and involves sale of goods and services using phone email or the internet to reach out to customers.
This is the opposite of in person sales.
It is commonly used in Business to Business or Business to Customer sales.
In the given scenario you don't meet your customers face-to-face, you sometimes call yourself an electronic concierge. Also everyone who is a premium subscriber is sent an annual gift, compliments of your company.
This is inside selling
Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.
Answer:
the cost per equivalent unit for materials is $34.60
Explanation:
The computation of the cost per equivalent unit for materials is shown below:
= (Beginning work in inventory + material added) ÷ material equivalent unit of production
= ($3,650 + $5,000) ÷ 250 units
= $34.60
Hence, the cost per equivalent unit for materials is $34.60
The same should be considered and relevant
To achieve gains from trade, each nation should specialize in the production of a good or service if:
A. the country can make that good or service while forgoing the production of fewer alternative products than any other country.
B. the country can make that good or service using fewer resources than any other country.
C. its production possibility frontier is farther from the origin than that of any other country.
D. its production possibility frontier is closer to the origin than that of any other country.
Answer:
A
Explanation:
A country gains from trade if it specialises in the production of the good for which it has a comparative advantage
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Beginning work-in-process inventory was 50% complete for direct materials and direct labor costs. Ending work-inprocess inventory was 75% complete for direct materials and direct labor costs. Direct material work-in-process inventory on January 1 was $50,000. Direct material costs added during the quarter were $720,000. What is the total value of material costs in ending work-in-process inventory using the weighted-average unit cost inventory valuation method
Answer:
WIP ending inventory= $180,000
Explanation:
First, we need to calculate the equivalent units of production for direct materials in ending inventory.
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 720,000*0.75
Equivalent units of production= $540,000
Now, work in process ending inventory:
WIP ending inventory= 720,000 - 540,000
WIP ending inventory= $180,000
The owner of a house purchased a new home but decided to keep his old residence for a few months until the real estate market improved. He rented it to a tenant with the understanding that the tenant might have to move out in a few months if the house was sold. The tenant paid the owner the agreed rent of $100 per week every Friday. During the next few months, the owner's business suffered serious setbacks so he decided to sell his new home and move back into his old one. He informed the tenant that he would have to vacate the old home, but the tenant refused to vacate and tendered the $100 rental payment the following Friday, which the owner refused to accept. The owner immediately filed suit to eject the tenant. The jurisdiction requires that a statutory written notice be served on any tenant whose term is for less than month-to-month or is not for a fixed term at least three days prior to commencement of eviction proceedings. No written notice of any kind was given to the tenant. How should the owner characterize the tenant to gain immediate possession of his home
Answer:
the owner of the house would need to characterize the tenant as a licensee.
Explanation:
A licensee is a person that occupies a house but is not a tenant, therefore, he/she is not protected by the same laws that protect tenants. For example, a friend that stays in your house is considered a licensee or someone that stays in a hotel or lodge is also a licensee.
What is the difference between total output and labour productivity?
Answer:
Productivity is the rate of efficiency by which a company produces goods and services. Thus, output is only one part of the equation used to measure efficiency. ... If the company spends more on its input than it receives in output, it is not efficient.
the negative impact of the coronavirus on businesses
Answer:
UNEMPLOYMENT..
main cause..
Which of the following is not a major responsibility of the Fed? Question 15 options: controlling the money supply serving as the federal government's banker determining tax rates acting as a lender of last resort
Answer:
determining tax rates
Explanation:
The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America, which are commonly referred to as Federal Reserve District Bank.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
Hence, determining tax rates is not a major responsibility of the Fed but the responsibility or function of the internal revenue service (IRS).
A tenant rents an apartment under a two-year written lease. Three months after signing the lease, the tenant is transferred to another country for a year. During this period, the tenant leases the apartment to a friend. The friend mails monthly rent checks to the tenant, who continues to make monthly rental payments to the landlord. In this situation, the tenant's friend has
Answer:
Sublease
Explanation:
A sublease is the renting of the property again from a tenant that already rented to someone else before but now it is rented to the third party i..e new for the portion of the existed lease contract of the tenant
Since in the given situation, the tenant lease the apartment to the friend. And the monthly rental payment is to be made to the landlord
So this given situation represent the sublease scenario.
D. Short answer questions:
a. Compare the monopoly’s price and quantity with that of a
perfectly competitive firm’s. Which is better for the consumer?
b. How can government regulation of a monopoly increase the
allocative efficiency of the monopoly?
Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Explanation:
compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.
perfectly competitive firms are better for consumer
govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.
Given a home country and foreign country, Purchasing Power Parity (PPP) suggests that: Group of answer choices a home currency will depreciate if the home inflation rate exceeds the foreign interest rate. a home currency will appreciate if the home interest rate exceeds the foreign interest rate. a home currency will depreciate if the home inflation rate exceeds the foreign inflation rate. a home currency will appreciate if the home inflation rate exceeds the foreign inflation rate.
Answer: a home currency will depreciate if the home inflation rate exceeds the foreign inflation rate.
Explanation:
Inflation erodes the value of a currency such that it is worth less than it was before. If the inflation in a country is higher than that of the inflation in another country therefore, the value of the currency of the former would be less valuable than the value of the currency of the latter because it suffered greater erosion in value.
The former's (home) currency will therefore depreciate against the foreign currency(latter) to reflect that its value is lower relative to the foreign currency.
General managers should take an active role in decisions about information systems. This is vital because: e) Information systems are normally incongruent with business strategies. a) The IS department cannot be trusted to make good decisions. b) The IS department has not been trained to make general business decisions. d) Information systems are designed to support business objectives. c) The IS department does not have the company’s best interests as its focus.
Answer:
d) Information systems are designed to support business objectives.
Explanation:
Information system can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Hence, general managers (GMs) are required by standard to take an active role in decisions concerning information systems (IS). This is quite essential and vital because information systems (IS) are designed to support business objectives and decisions pertaining to an organization.
Choose the false statement about the Building and Personal Property Coverage Form. A Personal property owned and used to service the building is included in the building coverage B Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage C Personal property of others that is in the insured's care, custody, and control is automatically included up to $2,500 under coverage extensions D Building Coverage includes the building structure, completed additions, permanently installed fixtures, machinery and equipment
Answer: Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage
Explanation:
The false statement about the Building and Personal Property Coverage Form is that "Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage"
The above is incorrect. This is because the Tenants Improvements and Betterments are not covered under the
Personal Property of Others Coverage but rather, they are covered in the Business Personal Property.
Exercise equipment manufacturer Heavyweight, Inc. has experienced disappointing financial results due to the costs associated with shipping its products to wholesalers. This is an example of a(n) ______ cost disadvantage. Multiple choice question. forward channel ally supplier-related internal impossible
Answer:
Forward channel ally
Explanation:
The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.
It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.
Forward channel ally are the next steps in the distribution channel.
In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.
Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage
Nivea works for Bonbon, a fair-trade chocolate company based in California. In addition to being recognized for the delicious, low fat treats the company manufactures, Bonbon is also known for fair labor practices at its factories. When interviewed, 83% of the company's loyal customers said when they couldn't find Bonbon products for purchase in local stores, they ordered them online rather than buy substitute products.
Which type of brand loyalty is illustrated here?
Select one:
a. brand preference
b. brand competition
c. brand insistence
d. brand recognition
e. brand name
Answer:
c. brand insistence
Explanation:
Since in the given situation it is mentioned that the 83% of the loyal customers could not find the bonbon products at local stores so they will ordered online instead of purchasing the substitute goods as in the brand insistence refer the stage of the brand loyalty where the purchase would accept no alternatives and they will search for the particular brand only
When a user is entering data on a form, they would use which view?
Answer:
Form view
Explanation:
Form view can be regarded as screen display which is used to show one item or record that is been arranged like a preprinted form. FormView control helps in displaying a single record from a data source. A form can be regarded as database object which is used when entering, editing, or displaying data from a table or a query. It should be noted that When a user is entering data on a form, they would use Form view
A company that lacks a competitively powerful stand-alone resource Multiple choice question. will be unable to develop competencies through cross-functional efforts. may attempt to develop a competitive advantage through resource bundling. must continue searching for a resource that passes five tests of competitive power. is likely to be a failure in the marketplace.
Answer:
may attempt to develop a competitive advantage through resource bundling.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
A company that lacks a competitively powerful stand-alone resource that would significantly propel it to the top of the market or industry it's operating in, may attempt to develop a competitive advantage over its competitors or rivals in the same industry through resource bundling and optimum use of these resources.
A federal government budget deficit will: ANSWER Unselected decrease the supply of loanable funds and decrease the equilibrium interest rate Unselected increase the supply of loanable funds and increase the equilibrium interest rate Unselected decrease the supply of loanable funds and increase the equilibrium interest rate Unselected I DON'T KNOW YET
Answer:
The correct option is that a federal government budget deficit will decrease the supply of loanable funds and increase the equilibrium interest rate.
Explanation:
A federal government budget deficit refers to situation whereby federal government revenue is lower its expenditures.
When there is a federal government deficit, the federal government usually borrow loanable in order to meet the shortfall in the revenue. The effect of this demand for loanable funds by the federal government is therefore a decrease in the supply of loanable funds.
The decrease in the supply of loanable funds results in an excess demand for loanable funds by the private sector, this in turn leads to an increase the equilibrium interest rate which is the price for loanable fund.
Based on the explanation above, the correct option is therefore that a federal government budget deficit will decrease the supply of loanable funds and increase the equilibrium interest rate.
Cameron has decided to diversify his investments in the following way: $3,000 in an account earning 2.7% simple interest $5,000 in a savings account earning 1.8% interest compounded annually $5,000 in a certificate of deposit earning 3.9% interest compounded quarterly How much total interest will Cameron earn on his investments at the end of 3 years
Answer:
The amount of total interest Cameron will earn on his investments at the end of 3 years is $1,171.80.
Explanation:
Let:
P = Principal
r = interest rate
t = number of years
n = number of times the interest is compounded in a year
Therefore, we have:
Interest on the account with simple interest after 3 years = P * r * t = $3,000 * 2.7% * 3 = $243
Interest on saving account after 3 years = (P * (1 + (r/n))^(n * t)) - P = ($5,000 * (1 + (1.8%/3))^(1 * 3)) - $5,000 = $90.54
Interest on certificate of deposit after 3 years = (P * (1 + (r/n))^(n * t)) - P = ($5,000 * (1 + (3.9%/3))^(4 * 3)) - $5,000 = $838.26
Total interest earned after 3 years = Interest on the account with simple interest after 3 years + Interest on saving account after 3 years + Interest on certificate of deposit after 3 years = $243 + $90.54 + $838.26 = $1,171.80
Therefore, the amount of total interest Cameron will earn on his investments at the end of 3 years is $1,171.80.
Answer:
D.
Explanation:
$1,135.30
Stock markets are a economic type of globalization
TRUE OR FALCE
Answer:
the answer is true I guess
Answer:
true
Explanation:
Under the Fair Credit Reporting Act, individuals rejected for insurance due to information contained in a consumer report (Choose from the following options)
1. Are entitled to obtain a copy of the report from the party who ordered it.
2. Must be advised that a copy of the report is available to anyone who requests it.
3. May sue the reporting agency in order to get inaccurate data corrected.
4. Must be informed of the source of the report.
How might a sudden increase in people's expectations of future real estate prices affect interest rates? A. Interest rates would decrease because real estate would have a relatively lower rate of return compared to bonds, which would cause the demand for bonds to increase. B. Interest rates would decrease because real estate would have a relatively higher rate of return compared to bonds, which would cause the demand for bonds to decrease. C. Interest rates would increase because real estate would have a relatively lower rate of return compared to bonds, which would cause the demand for bonds to increase. D. Interest rates would increase because real estate would have a relatively higher rate of return compared to bonds, which would cause the demand for bonds to decrease.
Hello there! A complete answer is below!
Answer:
A. Interest rates would decrease because real estate would have a relatively lower rate of return compared to bonds, which would cause the demand for bonds to increase.
Explanation:
Interest rates would decrease because companies would realize customers aren't buying anymore. Due to low business and little profit, they would be forced to cut prices. There would be a sharp rate of returns rather than bonds. This would cause the rate of bonds to decrease. So, the answer is A.
why is askom regarded as a monopoly
Answer:
Because it has no substitute s
Davenport Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the employee can take $31,000 at the date of employment and another $58,000 three years later. Assuming the employee's time value of money is 7% annually, what single payment in the first option would be equal to the total of the payments in the second option
Answer:
$78,345.28
Explanation:
Present value of amount paid later = Amount paid three years later * PV of $1
Present value of amount paid later = $58,000 * [1/(1.07)^3]
Present value of amount paid later = $58,000 * 0.816297877
Present value of amount paid later = $47345.276866
Present value of amount paid later = $47345.28
Present value of second option = $31,000 + $47,345.28
Present value of second option = $78,345.28
Which of the following statements is FALSE? A. Preferred stock cannot be converted into common stock. B. Preferred stock usually has a stated or par value but unlike bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date. C. The only time the par value of preferred stock would be paid to the shareholder is if the company ceases operations or retires the preferred stock. D. Skipped preferred dividends become a liability of the company.
Answer:
c
Explanation:
A restaurant customer complains to the waiter person that their meal has arrived at the table cold. After apologizing to the customer, the waiter person should:
a) remove the meal and reorder immediately
b) reheat the meal immediately
c) tell the customer that other staff are to blame
d) leave the meal on the table and reorder as soon as possible
Answer:a
Explanation:
If the next chair of the Federal Reserve Board has a reputation for advocating an even slower rate of money growth than the current chair, what will happen to interest rates? A. Slower money growth will lead to a liquidity effect, which will lower interest rates. Moreover, the lower income, price level, and inflation will reinforce the decrease in interest rates. B. Slower money growth will lead to a liquidity effect, which will raise interest rates; however, the lower income, price level, and inflation will tend to lower interest rates. C. Slower money growth will lead to a liquidity effect, which will lower interest rates; however, the lower income, price level, and inflation will tend to raise interest rates. D. Slower money growth will lead to a liquidity effect, which will raise interest rates. Moreover, the lower income, price level, and inflation will reinforce the increase in interest rates.
Answer: B. Slower money growth will lead to a liquidity effect, which will raise interest rates; however, the lower income, price level, and inflation will tend to lower interest rates.
Explanation:
Slower money growth would mean there is less money in the economy which means that there is less liquidity. This will increase interest rates because there would be less money available to loan out to people and so the ones that will be available have to be done at high rates.
As a result of the lower money supply though, people would have lower incomes and demand less goods which would reduce the price level. These will have the effect of reducing the rates to enable people get loans.
A corporation declares a cash dividend on Friday, December 5th, payable to holders of record on Friday, December 19th. The local newspaper publishes the announcement on Monday, December 8th, while Standard and Poor's reports the dividend on Friday, December 12th. The ex date for regular way trades will be set at:
A Friday, December 5th
B Wednesday, December 17th
C Thursday, December 18th
D Friday, December 19th
Answer: C. Thursday, December 18th
Explanation:
The ex-date for dividends is the business day before the dividends are to be distributed. This is regardless of when the news of the dividends are announced by various entities.
The dividends are to be distributed on Friday, December 19th which means that the ex-date has to be the day before which is Thursday the 18th. As this is a weekday, we can assume that it is a business day as well.
What is TRUE about time as a factor in investing?
A.
The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.
B.
Time rarely plays a large role in investment decisions or outcomes, and typically waiting to make decisions lowers an investor’s overall risk.
C.
If you have 10 years or more to invest, opening a savings account can be a good option for high-risk, high-reward investing.
D.
If you have a shorter time period to invest because you are nearing retirement, a higher-risk investment is generally a better choice.
plz help :)
Answer:
A. The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.
Explanation:
This is basically the reason why younger investors can afford higher risks than older investors. If you are 60 years old, you will probably invest in very secure stocks or bonds. Instead, when you are 25, you can afford investing in risky stocks that have higher than average growth potential.
Answer:
The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.
Explanation:
I got it right on the test nun to worry about.
Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
Cost behavior ______. Multiple select question. is the relative proportion of each type of cost in an organization is a detailed analysis technique used to determine whether costs are fixed or variable refers to how a cost will change as activity level changes categorizes costs as fixed, mixed and variable
Answer:
refers to how a cost will change as activity level changes
Explanation:
Cost behaviour is defines as how a business's expenses will change as a result of changes in its activities.
Business managers need to consider activities that may lead to spike or decline in the in expenses.
This will lead a robust annual budget that meets the cost need of the business.
Cost behaviour is divided into 3:
- variable costs that vary directly with changes in business activities. For example direct material cost.
- fixed costs that do not change as business activity changes. For example rent
- mixed costs have a mixture of variable and fixed costs. For example cell phone service that has a fixed charge monthly and also a variable charge for texting
It should be noted that Cost behavior refers to how a cost will change as activity level changes.
Cost behavior can be regarded as the indicator which shows the way a cost will change in total with respect to change in some activity.
Therefore, Cost behavior refers to how a cost will change as activity level changes.
Learn more about Cost behavior at;
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