Activities that help an organization influence a target market are called marketing strategies.
It is not the only job of a company to produce goods and services. They must also find out their probable buyers and promote their goods and services to the target market.
For this promotion, a marketing strategy is very much required. A marketing strategy refers to the process of understanding the group of buyers who would be interested in the product and then promoting it to them through commercials, newspaper advertisements, and free merchandise.
In the world of high monopolistic competition, companies spend millions only on these marketing strategies to get a hold of their customers and make a name for the brand in the market.
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Sales totaled $1,242,300 for the year, variable selling and administrative expenses totaled $140,220, and fixed selling and administrative expenses totaled $217,008. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be
Answer:
$105,260 lower than under absorption costing
Explanation:
The computation of the net operating income for the year is shown below;
Change in units in inventory is
= Units produced - Units sold
= 30,140 units - 24,600 units
= 5,540 units
Now the fixed overhead per unit is
= Fixed manufacturing overhead ÷ Units produced
= $572,660 ÷ 30,140
= $19 per unit
Now the total amount would be
= 5,540 units × $19 per unit
= $105,260
Since the units produced is more than the units sold that means the net income under absorption costing is more than the net income under variable costing
hence, $105,260 lower than under absorption costing
You are a junior in college. You sent your resume to a half-dozen companies hoping to get a summer internship. Two weeks ago XYZ Corporation contacted you and offered you a paid summer internship. One week ago you accepted their offer, agreeing to start work a week after your last final exam. Today you received a much better internship offer from ABC Corporation. What should you do
Answer:
I would politely reach out to XYZ organization and let them know I won't be taking them on their offer
Explanation:
In this particular situation, there is no legal binding in this agreement to start work. There is no responsibility from me to XYZ corporation.
If this new offer excited me more than what XYZ corporation has offered, then I have to decide which company i would decide to do my internship with. So I would have to politely decline the offer from XYZ.
Arielle is an office assistant at Richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost of the health care policy. How much does her employer contribute
Answer: $9120
Explanation:
Here is the completed question:
At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $40 per month for individual coverage and $85 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $70 per month and family coverage is $165 per month. Arielle is an office assistant at Richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost. How much does her employer contribute?
Since it's an individual coverage and $40 is paid per month, the yearly payment will be:
= $40 × 12
= $480
Let the total contribution be represented by y.
5% of y = $480
5% × y = $480
0.05 × y = $480
0.05y = $480
y = $480 / 0.05
y = $9600
Since the total contribution is $9600 and Arielle pays $480. Therefore, the employer will contribute:
= $9600 - $480
= $9120
Arielle's contribution is $9600 and Arielle pays $480. Therefore, the employer's contribution is equal to $9120.
What is meant by employer contribution?
A employer contribution is refers to as the amount contributed by employer to his or her employee pension fund. Generally it is equal to 12% of the basic monthly salary of employee.
Solution:-
An individual coverage and $40 is paid per month, the yearly payment will be:
Yearly payment = $40 × 12
Yearly payment = $480
Let, the total contribution be represented by y.
5% of y = $480
5% × y = $480
0.05 × y = $480
0.05y = $480
y = $480 / 0.05
y = $9600
Since, the total contribution is $9600 and Arielle pays $480. Therefore, the employer will contribute:
= $9600 - $480
= $9120
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During 2017, Concord Corporation expected Job no. 59 to cost $300000 of overhead, $540000 of materials, and $200000 in labor. Concord applied overhead based on direct labor cost. Actual production required an overhead cost of $235000, $610000 in materials used, and $260000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead
Answer:
Under/over applied overhead= 155,000 overapplied
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 300,000/200,000
Predetermined manufacturing overhead rate= $1.5 per direct labor dollar
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.5*260,000
Allocated MOH= $390,000
Finally, the over/under application:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 235,000 - 390,000
Under/over applied overhead= 155,000 overapplied
Capital budgeting, capital structure, and dividend policy decisions are important to managers and shareholders because their consequences can affect the amount, timing, and riskiness of the cash flows produced by the firm and its securities.
a) true
b) false
Answer:
A) true
Explanation:
Capital budgeting is essential to managers in allocation of scarce capital to some investment in an accretive manner. Capital budgeting could be regarded as process undertaken by business so that potential major projects as well as investments can be evaluated. Dividend policy could be regarded as a policy utilize by company in structuring
dividend payout to their shareholders. It should be noted that Capital budgeting, capital structure, and dividend policy decisions are important to managers and shareholders because their consequences can affect the amount, timing, and riskiness of the cash flows produced by the firm and its securities.
Elizabeth Cherry has a bond that has 10 years to maturity, a face value of $1,000, an 6.5% interest rate, and a market price of $1,200. What is the dollar amount of annual interest on this bond
Answer:
Annual Interest = $65
Explanation:
Given:
Face Value = $1,000
Market price = $1,200
Interest Rate = 6.5%
Find:
Annual interest on bond
Computation:
Annual Interest = Face Value x Interest rate
Annual Interest = $1,000 x 6.5%
Annual Interest = $65
Suppose you have $1,000 to invest over a 10-year period. Explain under what circumstances you would buy penny stocks or junk bonds as an investment. In your answer, explain why an investment with greater risk, such as a penny stock, will likely have a lower market price but an uncertain rate of return.
Answer:
Explanation:
There is only one circumstance in which I (personal opinion) would be willing to place my money in penny stocks and that is If the money is extra money that is only an extremely small percent of my overall portfolio and I am ok loosing it completely. That is because penny stocks are stocks from new companies that basically have an idea and are just starting out. The rate of return can be massive on these stocks but they can also go bankrupt and you can loose all your money just as fast. Therefore, they are incredibly risky investments.
A family buys a new home for $150,000. However, they also have to set
aside an extra $1,500 to pay to the local government for owning the
house. This is the result of the:
Answer:
Property tax
Explanation:
Answer:
Explanation:
It is property tax
In the formula FV=P(1+r)n, what is the n or period if the term is 10 years compounded yearly at 12% per annum?
10 b) 40 c) 120 d) 12
Answer:
a 10
Explanation:
The formula to compute the future value is shown below
Future value = Present value × (1 + rate of interest)^number of years
where,
The Rate of interest is 10%
And, the number of years or term is 10 years
Therefore as per the given situation, the correct option is a.
hence, the same is to be considered
g A speculator buys a call option for $3, with an exercise price of $50. The stock is currently priced at $49, and rises to $55 on the expiration date. What is the stock price at which the speculator would break even
Answer:
$53
Explanation:
Call option is $3
Exercise price is $50
The stock is currently priced at $49
It rises to $55 on the expiration date
Therefore the cost price at which the speculator will break even can be calculated as follows
= ($50-$3)+($55-$49)
= $47 + $6
= $53
What should you do if your initial business "seems like a good idea" but isn't one you
feel passionate about?
a) Wait for another idea
b) Keep looking
c) Get a mentor
d) Go to business school
Answer:
c
Explanation:
because they have greater expirience and they will provide a fresh perspective.Mentors can act as your map and compass on your journey to succeed.
Straight-Line Depreciation Rates
Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage: (a) 10 years, (b) 8 years, (c) 25 years, (d) 40 years, (e) 5 years, (f) 4 years, (g) 20 years. If required, round your answers to one decimal place.
Years Percentage
a. 10 years fill in the blank 1
%
b. 8 years fill in the blank 2
%
c. 25 years fill in the blank 3
%
d. 40 years fill in the blank 4
%
e. 5 years fill in the blank 5
%
f. 4 years fill in the blank 6
%
g. 20 years fill in the blank 7
%
Answer:
a) 10%
b) 12.5%
c) 4%
d) 2.5%
e) 20%
f) 25%
g) 5%
Explanation:
10 years depreciation results in a depreciation rate per year = 100% / 10 = 10%
8 years depreciation results in a depreciation rate per year = 100% / 8 = 12.5%
25 years depreciation results in a depreciation rate per year = 100% / 25 = 4%
40 years depreciation results in a depreciation rate per year = 100% / 40 = 2.5%
5 years depreciation results in a depreciation rate per year = 100% / 5 = 20%
4 years depreciation results in a depreciation rate per year = 100% / 4 = 25%
20 years depreciation results in a depreciation rate per year = 100% / 20 = 5%
Gugenheim, Inc., has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The yield to maturity is 7.5 percent and the bond matures in 19 years. What is the market price if the bond has a par value of $2,000
Answer:
Bond Price= $1,761
Explanation:
Giving the following information:
Par value= $2,000
Cuon= 0.063*2,000= $126
YTM= 7.5% = 0.075
Periods= 19 years
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 126*{[1 - (1.075^-19)] / 0.075} + [2,000/(1.075^19)]
Bond price= 1,254.84 + 506.13
Bond Price= $1,761
You are bullish on Telecom stock. The current market price is $40 per share, and you have $8,000 of your own to invest. You borrow an additional $8,000 from your broker at an interest rate of 4.0% per year and invest $16,000 in the stock.
Required:
a. What will be your rate of return if the price of Telecom stock goes up by 6% during the next year? (Ignore the expected dividend.) (Round your answer to 2 decimal places.)
The rate of return if the price of Telecom stock goes up by 6% during the next year is 8.00%
What is rate of return?
The rate of return on the bullish strategy is the return on the stock minus the interest on the borrowing.
The share price increase of 6% means the total amount invested would increase by 6%
new value of investment=$16000*(1+6%)
new value of investment=$16,960
interest on borrowing=4%*$8000
interest on borrowing=$320
Gain on investment=new value of investment-initial investment-interest on borrowing
Gain on investment=$16,960-$16,000-$320
Gain on investment=$640
rate of return=gain on investment/equity investment
rate of return=$640/$8000
rate of return=8.00%
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The book value of a plant asset is:_________.
A. the fair market value of the asset at a balance sheet date.
B. the asset's acquisition cost less the total related depreciation recorded to date.
C. equal to the balance of the related accumulated depreciation account.
D. the assessed value of the asset for property tax purposes.
Answer: B. the asset's acquisition cost less the total related depreciation recorded to date.
Explanation:
Plant Assets will depreciate over the years or as they are used. For this reason, they need to be recorded at a value that takes this into consideration and this value is the Book Value.
The Book value is the cost of the asset less the total depreciation that the asset has accrued over the years up until that point. If the cost of machinery was $5,000 when it was bought but has depreciated by $3,500, the book value will be $1,500.
A company has a discount on a forward contract for an asset. How is the discount recognized over the life of the contract?
Answer: It is charged to accumulated other comprehensive income.
Explanation:
The discount is recognized over the life of the contract when it is charged to accumulate other comprehensive income.
Through self-guided internet research, the intellectually curious mind can find many examples of potential rewards in business. Add two (2) or more examples of Business Rewards to this list.
Through self-guided internet research, the intellectually curious mind can find many examples of potential rewards in business. Add two (2) or more examples of Business Rewards to this list:
Business Rewards
A deep sense of satisfaction
Being the one in control
Providing sustainable jobs and income for others
The opportunity to give back / community responsibility
The satisfaction of excellent customer feedback
Financial Rewards
After conducting additional research, what other business rewards can you add here?
Answer:
1. Independence and Flexibility
2. Learning opportunities
Explanation:
The rewards of having a business are tremendous and cannot be overemphasized. Hence, asides from the listed business rewards, here are two additional business rewards
1. Independence and Flexibility: One of the rewards of doing business is the independence that comes with it. As the business grows, a business owner gets to have the independence to work whenever he wishes, and have the flexibility of time to be active in business life and other events outside the business.
2. Learning Opportunities: business activities allows business owners to see and learn how certain aspects of the business is getting done. Even when there are employees to perform those functions, business owners still have the opportunity to see, learn, and understand how those activities are being carried out.
the marchetti soup company entered the following transactions during the month of june, purchased inventory on account for $215,000, paid $54,000 in salaries during the month, sold merchandise that cost $148,000 to credit customers for $270,000, collected $250000 in cash from credit customers, paid supplies of inventory for $195,000. Post the transactions to t-accounts
If the interviewer does not offer a handshake, you should?
A. Initiate a handshake
B. Act as if you did not notice by searching for your interview documents
C. Sit down Immediately
D. Ask if he or she wants to shake hands
Answer:
D. Ask if he or she wants to shake hands
Explanation:
Because if they don't ask why don't you ask, so they feel good.
the best answer for you will be B
Which of the following best explains the difference between short-term and long term planning?
What makes a good a consumer good or a producer good?
Answer:
Consumer goods are the goods finally used by the consumers to satisfy their wants. These goods directly satisfy human wants. Producer goods are those goods which are used by the producers to produce more goods or continue the process of production.
Explanation:
Suppose a stock is expected to pay a $0.50 dividend every quarter and the required return is 10% with quarterly compounding . What is the price ?
If dividends are expected at regular intervals forever, then this is a perpetuity and the present value of expected future dividends can be found using the perpetuity formula
P0 = D / R
P0 = .50 / (.1 / 4) = $20
Your price would be $20
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The new environment that allows a person to choose how, when, or if they will interact with a company is termed a(n) ________.
a. materialistic society.
b. consumption community.
c. producer-controlled market.
d. artificial need.
e. consumer space.
Answer:
e. consumer space.
Explanation:
The new environment that allows a person to choose how, when, or if they will interact with a company is termed a consumer space.
Generally, when the manufacturer of a product produces his or her goods, it is very important that it is made available at a shop or store where different customers can easily access them to make their choices when they want to purchase them.
For instance, products such as cars, mobile phones, furniture, cooking utensils are examples of products that a seller displays in a consumer space for the customers to see.
e. consumer space
CompanyA company is a legal body that represents a group of people with a common goal, whether natural, legal, or a combination of both. Members of the company share a shared goal and work together to achieve it.The consumer transforms these consuming areas into his own personal environment through subjective processes. The act of interpretation transforms the "location" of consumption to fit into the consumer's particular expectations, intents, and memories.The new environment that allows a person to choose how, when, or if they will interact with a company is termed e. consumer spaceFor more information:
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If you were a career woman and time for you to love to do becomes a problem,which would you prefer to use of your baking needs— a commercial prepared mix or a home prepared mix?
What important factors did you consider in making your choice?
Answer:
Just Choose an side.
Explanation:
Would you rather use a store-bought mix, or a homemade mix? (Just choose one).
For homemade: I chose this because I would like to try something new and make different flavors, if it is a success.
For store-bought: I chose this because I want it to be easy for me to make, and has all the steps on the back of the box.
Inflation makes certain things less valuable in real terms, including: Group of answer choices your full college scholarship. real estate and precious metals. anything expressed in dollars. a fixed monthly pension payment.
Answer:
anything expressed in dollars
Explanation:
In the case when there is an inflation that makes specific things less valuable in the real terms is the thing that expressed in dollars
As per the given options, the full scholarship of college, real estate and the fixed month pension payment represent the more valuable
But the remaining option i.e. anything expressed in dollars show the less valuable
So, the same is to be considered
If Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of
Answer: concept testing
Explanation:
Concept testing is simply used by a company or organization to determine whether customers will accept a product or not. In this case, a survey can be used to know if they'll except such product before it's introduction to the market.
Since Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of concept testing.
During the first year of Sheffield Corp.'s operations, all purchases were recorded as assets. Supplies in the amount of $29300 were purchased. Actual year-end supplies amounted to $5900. The adjusting entry for store supplies will:______.
a. increase net income by $12,900.
b. increase expenses by $12,900.
c. decrease store supplies by $6,450.
d. debit Accounts Payable for $6,450.
Answer:
Increase expenses by $23,400
Explanation:
Based on the information given we were told that Supplies in the amount of $29,300 were purchased in which the Actual year end supplies for the company amounted to $5,900 which means that The adjusting entry for store supplies will be Increase in expenses by the amount of $23,400 which is calculated as ($29,300-$5,900)
Horton Small Engine Repair charges $45 per hour of labor. It has a material loading percentage of 40%. On a recent job replacing the engine of a riding lawnmower, Horton worked 4 hours and used parts with a cost of $400. Calculate Horton's total bill.
Answer:
the total bill is $740
Explanation:
The computation of the total bill is shown below:
= Number of hours worked × per hour of labor + Cost × (100 + loading percentage)
= 4 hours × $45 + $400 × 140%
= $740
hence, the total bill is $740
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The Horton's total bill for repairing is $740 as a whole after adding all the materials.
What is the bill?
Bill is a statement that is given by the supplier to the customers that proves that they have purchased goods or services from the particular shop.
Amount = Number of hours worked × per hour of labor + Cost × (100 + loading percentage)
amount = 4 hours × $45 + $400 × 140%
amount = $740
Therefore, the total amount of the bill is $740
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Explain the effect of a tariff on consumer surplus and producer surplus.
6. Describe a product that you think has saturated its market. What makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answer:
You could say that smartphones are a very saturated market because in this day and age, everyone has a smartphone. Companies like Apple, Android, Samsung, etc., made a lot of money every time a new phone comes out, but not as much in between releases. This means that it is saturated because there are not a lot of new customers, many are customers that have given them their money in exchange for a phone before. Since the companies have sold so much and made so much revenue, there is not a lot of potential for it to get better, there is not really any way for them to drastically increase revenue even more because it is at it's peak.
Explanation:
i took the intro to business class on edge earlier this semester. <3