Debit to accumulated depreciation . $1,050.
A natural credit balance is accrued depreciation. Accumulated depreciation lowers the total value of assets recognized on the financial statement even though it is listed in the asset portion of the balance sheet since assets are fundamentally debit accounts.
How does accumulated depreciation work?A natural credit balance is accrued depreciation. Accumulated depreciation lowers the total value of assets recognized on the financial statement even though it is listed in the asset portion of the balance sheet since assets are fundamentally debit accounts.As a contra-asset account, the balance sheet. A contra-asset account called accumulated depreciation appears on the balance sheet below the account Property and Equipment.The value at which a firm records an asset on its balance sheet is known as net book value, sometimes known as net asset value. It is determined by subtracting accumulated depreciation, accumulated amortization, accumulated depletion, or accumulated impairment from the asset's initial cost.To learn more about Accumulated depreciation refer to:
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a company must make a volume trade-off decision when they blank . multiple select question. must trade off units of one product for units of another due to limited production capacity have excess capacity that is not currently being utilized do not have enough capacity to satisfy the demand for all of its products
A company must make a volume trade-off decision when they have limited production capacity.
What is trade-off?
A trade-off (or tradeoff) is indeed a situation - specific decision involving the reduction or elimination of one quality, quantity, or property of a set or design in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decrease. Tradeoffs arise from a variety of constraints, including simple physics - for example, only a certain volume of objects can fit into a given space, so a filled container must eliminate some items before accepting any more, and vessels can carry a few large items or multiple small items. Tradeoffs can also refer to different setups of a single item, such as tuning the strings on a guitar to allow for different notes to be played, or allocating time and attention to different tasks.
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which of the following is a positive economic statement? group of answer choices reducing unemployment should be the highest priority of the federal government. an increase in unemployment benefits will increase the unemployment rate. corporations should be prohibited from laying off workers during a recession. congress should increase unemployment benefits during a recession.
An increase in unemployment benefits will increase the unemployment rate is a positive economic statement.
Unemployment, according to the OECD, is humans above a distinctive age now not being in paid employment or self-employment however presently to be had for paintings throughout the reference period. Unemployment is measured via the unemployment fee, which is the range of individuals who are unemployed as a percent of the labour pressure
The term unemployment refers to a scenario wherein someone actively searches for employment but is not able to locate work. Unemployment is considered to be a key measure of the fitness of the economy. The most often used measure of unemployment is the unemployment rate.
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Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which legal responsibility should she address?
While carrying out the transaction, the legal responsibility which Erin should address is: D. ensure that she credits the loan amount accurately to the customer's account.
What is a loan?A loan simply refers to an amount of money that is being borrowed by a borrower (customer) from a bank or other financial institutions (lender), and it is legally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.
In this scenario, Erin being an accounting official (employee) of this financial institution is saddled with the legal responsibility of ensuring that she accurately credits the amount of money borrowed (loan) to the account of this borrower (customer).
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Complete Question:
Erin works at a financial Institution. She has offered a housing loan to a customer. While carrying out the transaction, which legal responsibility should she address?
A. arrange an informal meeting with the customer
B. organize a success party for the department
C. disclose all confidential Information about the organization to the customer
D. ensure that she credits the loan amount accurately to the customer's account
E show the customer a list of people who defaulted on similar loans
in terms of organizational culture, a is an artifact, act, quality, or event that conveys an organization's most important values to others. multiple choice question. symbol story hero ritual
In terms of organizational culture, a symbol is an artifact, act, quality, or event that conveys an organization's most important values to others.
The appropriate behavior inside a company is determined by its culture. This culture is comprised of shared values and beliefs that have been developed by leaders, communicated through a range of mediums, and reinforced in order to affect employee perceptions, behavior, and comprehension.Clan culture, adhocracy culture, market culture, and hierarchical culture were the 4 forms of culture they recognized. The Organizational Culture Assessment Instrument (OCAI) can be used to quickly and strategically examine the culture of your company and create an atmosphere that will support the success of your team.The structure, values, sociology, and psychology of a company or nonprofit are all included in the definition of organizational culture. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.Thus the correct option is A.
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most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless the items are covered by additional insurance. if $4,470 worth of jewelry and $3,660 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
The claim amount is $4,630, which is not covered by insurance.
What is claim amount?The sum payable at the maturity of an insurance policy or upon the death of the person insured to the beneficiary, nominee, or legal heir of the insured is known as the claim amount. The actual loss incurred by the Insured with respect to a Loan as calculated in accordance with Section V is referred to as the Claim Amount. Claim = Loss Suffered x Insured Value/Total Cost The goal of such an Average Clause is to limit the Insurance Company's liability. A Claim Payment is an amount paid to you under the Policy to compensate you for credit losses caused by unpaid insured receivables.Therefore,
The insurance company will pay the greater of the claim amount or the insurance coverage limit for each item. Because the values of the stolen jewelry and silverware exceed their individual coverage limits, the insurance company will pay the $1,000 for jewelry and $2,500 for silverware coverage limits.
Amount not covered by insurance = ($4,470 - 1,000) + ($3,660 - 2,500)
= 3,470 + 1,160
= $4,630
suppose alyssa is willing to drive across town to save 50 percent on a soccer ball with a list price of $40. if alyssa is rational, this implies that she would
Alyssa is prepared to travel across town in order to save fifty percent on a soccer ball with a list price of $40. This suggests that she would be prepared to travel across town in order to save 5 percent on a $400 bike.
What is a list price ?The cost that a product's maker ostensibly suggests that a retailer sell it is referred to as the list price, also known as the manufacturer's suggested retail price (MSRP), recommended retail price (RRP), or suggested retail price (SRP), of a product.
As they permit prices to be set higher than those that would be determined by supply and demand, suggested pricing strategies can be in opposition with competition theory. Beyond simply proposing prices, resale price maintenance—fixing prices—is prohibited in many nations.
Depending on the actual wholesale cost of each item, which is typically obtained in bulk from the manufacturer or in smaller quantities through a distributor, retailers may charge less than the suggested retail price.
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goods and service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called .
In marketing, the goods & service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called an order winners.
What is an order winners?In marketing, an order winners refers to those variables which permit differentiating the company from competitors while an order qualifiers are the prerequisites for engaging in a transaction. This view of orders can be seen as a unifying approach between the operations management and marketing
Going forward, the order winners are seen as a competitive advantages such as quality, delivery speed, reliability, product design, flexibility and image that cause a firm's customers to select that company's products or services. The order winner is the main reason why customers purchase a company's product. For instance, the Shine family vacations at Lake Tahoe for prestige and quality while they order all of their products from Pramazon for quick delivery speed.
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what term describes the process of ranking employees by assigning certain percentages to predetermined groups (such as best workers, worst workers, and categories in between)?
Forced distribution. Forced distribution is a method of employee performance appraisal that many companies use. We also call it the forced distribution method, stacked ranking, or bell-curve rating. It is a rating system that employers use to evaluate their workers.
What is forced distribution?
The rater must force employee evaluations into a bell-shaped curve when using the forced distribution performance appraisal rating method. To learn more, go to Managing Employee Performance.
Many businesses use the forced distribution approach of evaluating an employee's performance. It is also known as the stacked ranking, bell-curve rating, and forced distribution method. Employers use this rating system to assess the performance of their workforce. Each employee must be evaluated by the manager and placed into one of three categories, i.e., poor, good, or excellent. Additional categories might exist.
Forced distribution is a method of employee performance appraisal that many companies use. We also call it the forced distribution method, stacked ranking, or bell-curve rating. It is a rating system that employers use to evaluate their workers. Managers must evaluate each employee, usually into one of three categories, i.e., poor, good, or excellent. There may be more categories.
Swiftly and easily Another benefit of this approach is that it is a quick and simple model to comprehend and use. Due to the grouping of all employees, HR finds it very easy to tailor development programs to the right abilities.
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What does insurance give you if you buy something expensive?
A: Protection
B: A certificate of ownership
C: Money
D: Financing
Answer:
D
Explanation:
when a firm attempts to determine whether the product will perform according to its design and whether it satisfies the need for which it was intended, it partakes in
Alpha testing is used by the company to assess whether the product will perform according to its design and whether it will meet the requirement for which it was designed.
What is Alpha testing?Alpha testing is used by the company to assess whether the product will perform according to its design and whether it will meet the requirement for which it was designed. Alpha testers examine the inner workings of the technology, a process known as; white box testing. Participants in alpha tests are often engineers with the requisite skills to provide developers with technical comments and recommendations on how to fix what's broken.
Products often go through multiple phases of testing before being released to the general public. The alpha test phase is inextricably linked to proof of concept initiatives. The practice of distinguishing internal testing from customer-facing testing by using the first two letters of the Greek alphabet started in software development, but the labels are now used by product engineers across many sectors.
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are names of terminated employees reported in writing to the payroll department? are authorizations for deductions signed by the employee on file? is there a timekeeping department (function) independent of the payroll department? are timekeeping and cost accounting records (such as hours, dollars) reconciled with payroll department calculations of hours and wages?
Yes, the names of terminated employees are reported in writing to the payroll tax because it is really important to let the payroll department know on what basis the employee has been suspended or terminated.
It is true, that authorizations for deductions are signed by the employee because it is important as well as necessary to deduct some amount of the employees salary and to avoid the future conflicts, a written approval is taken from the employee.
Yes, time keeping and cost accounting records are reconciled with payroll department calculations but it may contain more or fewer dollars than actually paid as per payroll data.
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motor works has total assets of $919,200, long-term debt of $264,500, total equity of $466,900, net fixed assets of $682,800, and sales of $1,021,500. the profit margin is 6.2 percent. what is the current ratio?
Current ratio is 1.26.
Define total assets.Total Assets are defined as the assets owned by the company that have an economic worth and from which benefits may be gained in the future. This term is most frequently used in the context of a corporation. In the company's balance sheet, assets are included.
Depending on their liquidity, assets are divided into two categories:
liquid assets and illiquid assets. Assets that can be quickly sold for cash or turned into cash are referred to as liquid assets; otherwise, they are referred to as illiquid assets.On the balance sheet, assets are further divided into current assets and long-term assets. A current asset is one that can be liquidated in less than a year, whereas a long-term asset can be liquidated over a period longer than a year.To solve the question :
Given,
Total assets = $919,200
Net fixed assets = $682,800
Long-term debt = $264,500
Total equity = $466,900
(Total assets - net fixed assets) / (Total assets - long-term debt - total equity)
($919,200 - 682,800) / ($919,200 - 264,500 - 466,900)
= 1.26
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sonal and preeti started working on a project and they can complete the project in 30 days. sonal worked for 16 days and preeti completed the remaining work in 44 days. how many days would preeti have taken to complete the entire project all by herself?
The number of days it would take Preeti to complete the entire project all by herself is equal to 60.
The number of days Preeti would take to complete the entire project all by herself can be calculated by using an algebraic expression.
If we consider that there are 30 units of work overall, then
Efficiency of Preeti + Efficiency of Sonal = 1
If we consider the efficiency of Sonal = x
Then the efficiency of Preeti = 1 - x
As Sonal worked for 16 days;
Total Work left = 30 - 16x
Now the efficiency of both can be calculated as follows;
Days in which Preeti completed the remaining work = Work left ÷ efficiency of Preeti
44 = 30 - 16x ÷ 1 - x
44 (1 - x) = 30 - 16x
44 - 44x = 30 - 16x
14 = 28x
x = 14/28 = 1/2
Therefore, efficiency of Sonal = 1/2
efficiency of Preeti = 1 - 1/2 = 1/2
Now we can calculate the number of days Preeti would have taken to complete the entire project all by herself as follows;
Days Preeti would have taken = Total work ÷ efficiency of Preeti
Days Preeti would have taken = 30 ÷ (1/2) = 60 days
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Mike owns swibel trucking, a successful trucking business, as a sole proprietor. After many successful years in business, one night he decides he wants to change his business to a partnership so that he can share the burden and devote more time to pursue his hobby of duck watching full time. What steps must he take to change the type of business entity to a partnership?.
Mike is not allowed to change the type of business entity to a partnership. It is because none as a sole proprietor can convert to another business form at the proprietor's will.
A partnership can be defined as a form of business where two or more people share ownership. In a partnership, the people who is involved in there have a responsibility for managing the company and the income or losses the business generates. There are some characteristics from partnership, such as:
Partnerships have sharing of profits and losses.Partnerships have mutual agency.Partnerships have unlimited liability.Partnership have lawful business.Partnership have contractual relationship.Learn more about partnership here https://brainly.com/question/19988417
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if a country raises its budget deficit, then its a. net capital outflow falls and net exports rise. b. net capital outflow and net exports rise. c. net capital outflow and net exports fall. d. net capital outflow rises and net exports fall.
If a country raises its budget deficit, then its net capital outflow and net exports fall.
What is budget deficit?
When spending surpass income, a deficit budget is said to have occurred, and it is a sign of sound finances. This phrase is typically used by the government to refer to its expenditures instead of things or people. The national debt is made up of accumulated government deficits.
A budget deficit may result in increased borrowing, greater interest costs, and insufficient reinvestment, all of which reduce revenue for the next year. A budget surplus is the polar opposite of a budget deficit.
Naturally, a stronger exchange rate makes it more challenging for exporters to sell their products overseas while lowering the cost of imports, leading to a trade deficit—or a smaller trade surplus—as a result. A trade deficit, a stronger currency, and an inflow of foreign financial capital are all likely outcomes of a budget deficit.
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Who prioneered a manufacturing method based around the principle of take the work to the man, not the man to the work?.
The belt is boss, as one worker put it, or as Ford said in 1925, "the point is to keep everything in motion and convey the job to the man not the work to the man." The former method required 14 hours to assemble a Model T in 1913.
Explain about the manufacturing method?A business constructs or produces a product is through a manufacturing process. Using computers, robots, and cloud-based technologies, it can be a complex process involving a variety of machines, tools, and equipment with several levels of automation.
Manufacturing is the process of creating products—either manually or mechanically—that the company then sells to a client. Rough materials or smaller portions of a larger product are both examples of items utilized in manufacturing.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services
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berry co. purchases a patent on january 1, 2021, for $30,000 and the patent has an expected useful life of five years with no residual value. assuming berry co. uses the straight-line method, what is the amortization expense for the year ended december 31, 2022?
$6000 is the amortization expense for the year ended December 31, 2022 if the patent has an expected useful life of five years with no residual value.
purchase cost a patent on january 1, 2021= $30,000
expected useful life = 5 years
$30000/5years =$6000 amortization per year
$6000 is the amortization expense for the year ended December 31, 2022.
Amortization expenses reflect the cost of long-term assets (such as computers and vehicles) over their useful life. They show up on a company's income statement as depreciation expenses.
In business, amortization is the practice of depreciating the value of an intangible asset, such as a patent or a copyright, over the course of its useful life. Amortization expenses can have an impact on a company's income statement, balance sheet, and tax liability.
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if a firm with market power maximizes profit by producing at the unit elastic point on the demand curve, then a. it has no direct competitors. b. its marginal cost must be zero at the profit-maximizing level of output. c. demand must be perfectly elastic. d. it cannot be in long-run equilibrium.
(B) A company's marginal cost must be zero at the profit maximizing level of output if a firm producing at the unit elastic point. It is because at the point with unit elasticity, changes to prices do not affect total revenue.
The demand curve can be described as a graphical representation of the relationship between the quantity demanded for a given period of time and the price of a good or service. In a typical representation, the quantity demanded on the horizontal axis while the price will appear on the left vertical axis. Based on the statement above, a marginal cost must be zero because changes in quantity exactly offsets changes in price.
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the bbc company is forecasting demand to fluctuate over the next four periods. if the beginning inventory level is 120 units and the company wants a pure level output plan, what level of production is required to avoid back orders during any period and to keep ending inventory for period 4 at a minimum? the forecast is: period 1-1900; period 2-1930; period 3-2260; period 4-910.
The technique of estimating and predicting future consumer demand for a good or service is known as demand forecasting.
The forecast period is: 1990.
What is meant by forecasting demand?Making predictions about the demand from customers over a predetermined time period is known as demand forecasting. In general, historical data and other analytical information are taken into account in demand forecasting to provide the most precise estimates.
By analyzing previous sales data, demand forecasting can be used to predict future sales data. You can meet client needs effectively and make the best business decisions as a result. A corporation can analyze its inventory level, SKU stock levels, overall sales, and revenue for a future period with the use of demand forecasting.
The technique of estimating and predicting future consumer demand for a good or service is known as demand forecasting. It involves applying predictive analysis of past data. Demand forecasting assists the company in making more informed supply choices that predict the overall sales and revenue for the upcoming period of time.
The forecast period is: 1990.
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solve the problem. the total cost of producing x units of a certain commodity is given by does marginal cost increase or decrease with increasing production? not enough information to answer marginal cost is constant. marginal cost is increasing. marginal cost is decreasing.
Marginal cost is increasing with increasing production.
In economics, the marginal cost is the exchange in total production fee that comes from making or producing one extra unit. To calculate the marginal value, divide the change in production expenses by means of the alternate in quantity.
Take your total value of manufacturing and subtract your variable prices improved by using the wide variety of units you produced. t=This could provide you with your overall fixed cost.
An organization's marginal fee is how a great deal greater it charges to produce extra gadgets of goods or services. You may calculate it by dividing the exchange in expenses by the change in amount.
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a small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. since all of its systems are new, the company plans to begin the contract in year four and continue through year ten. the cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. the present worth of the contract is nearest to: a) $6,605 b) $10,395 c) $14,604 d) $18,081
A small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. Since all of its systems are new, the company plans to begin the contract in year one and continue through year ten. The cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. The present worth of the contract is nearest to $18,080.71.
This can be computed by using the formula for calculating the present value of an ordinary annuity as follows:
PV = P × [{1 - [1 ÷ (1 + r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value or worth of the contract?
P = yearly cost of the contract = 3,200
r = annual rate of return = 12%, or 0.12
n = number of years = 10
Substitute the values into equation (1) to have:
PV = $3,200 × [{1 - [1 ÷ (1 + 0.12)]^10} ÷ 0.12]
PV = $3,200 × 5.65022302841087
PV = $18,080.71
Therefore, the present worth of the contract is nearest to $18,080.71.
An annuity that has its cash flows or payments made at the end of the period is referred to as an ordinary annuity. A typical annuity of $100 annual cash inflows for five years looks like this: At the conclusion of years 1 through 5, the cash flows take place. At the conclusion of year 1, there is also the first cash flow.
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Which policy is a way the SEC protects investors?
O helping investors diversify their portfolios
O guaranteeing the value of certain stocks
O insuring the amounts of people's investments
O requiring companies to disclose financial information
Helping investors diversify their portfolios is the policy is a way the SEC protects investors. Hence, option A is correct.
What is SEC protects investors?The Securities Act of 1933, also referred to as the "truth in securities" law, has two main purposes: it requires investors to get financial and other important information about securities that are being offered for public sale; and When selling stocks, refrain from lying, making false assertions, and other types of fraud.
One of the three foundations of the United States is investor protection. the direction of the Securities and Exchange Commission. Maintain a fair, efficient, and structured market. support the creation of capital.
Thus, option A is correct.
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assuming the pure expectations theory is correct, an upward-sloping yield curve implies multiple choice interest rates are expected to increase in the future. longer-term bonds are riskier than short-term bonds. interest rates are expected to decline in the future.
Assuming the pure expectations theory is correct, an upward-sloping yield curve implies interest rates are expected to increase in the future. An interest rate is the sum of the periodic interest payments.
Using the current long-term interest rates as a starting point, the hypothesis of wishes attempts to predict what the short-term interest rate will be in the future. According to the theory, a speculator today would earn the same amount of income by investing in two consecutive one-year bond speculations as opposed to one 2-year bond. Additionally known as the "theory of unequal expectations," the hypothesis.
According to the expectancies principle, the long-term interest rates are rising to the average of the short-term rates projected to prevail. According to the expectation theory, certain yield curves with an upward sloping cause an increase in short-term levels, and vice versa. Due to lower short-term rates than long-term rates, the yield graph is tilted upward-sloping.
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stock valuation model dynamics make clear that lower discount rates lead to multiple choice lower valuations. higher valuations. lower growth rates. higher growth rates.
Stock Valuation model dynamics make clear that lower discount rates lead to higher valuations. Stock valuation is a technique for figuring out a stock's intrinsic value, or theoretical worth.
The fact that a stock's intrinsic worth may differ from its present price makes stock valuation important. The intrinsic value of a stock can help investors decide if the stock is over or undervalued at the present market price. Higher valuations stocks are growth stocks—businesses that are anticipated to expand. They trade at a premium price because analysts anticipate above-average revenue and profits growth for these firms.
To determine if a company is overvalued or undervalued, firms are appraised and the valuation is contrasted with the current market price. It is possible to see stock valuation as both an art and a science. Absolute valuation and relative valuation are the two types of stock valuation.
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what are the pre-shift and post-shift equilibrium prices for a sandwich? will an increase in quantity supplied at every price always result in a lower equilibrium price, why?
Yes, an increase in quantity supplied at every price always results in a lower equilibrium price due to the law of supply.
The law of supply is the law of microeconomics that, all other factors being equal, when the price of a good or service increases, the quantity of the good or service offered by the supplier increases and vice versa.In the law of supply, suppliers try to maximize their profits by selling more commodities when their prices increase.According to the law of supply, the higher the price, the more the producer will put on the market.When a company strives to make a profit, expecting a higher price for something will make it produce more.If prices fall in the meantime, suppliers will be discouraged from producing so much.Market supply can be represented as a rising supply curve that shows how supply responds to different prices over a period of time.Together with demand forms one-half of the law of supply and demand.hence, when an increase in quantity supplied at every price always results in a lower equilibrium price due to the law of supply.
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What term is used to describe the practice of unloading materials from an incoming trucks or rail cars and loading these materials onto outbound trucks or rail cars, with little or no storage or warehousing in between?.
—in its most basic form, cross-docking is the process of loading products onto departing rail cars or trailers after they have been loaded into arriving ones. This eliminates the need for warehousing (storage).
The term "person or firm who transports freight under contract to a limited number of shippers" refers to which sort of transportation company?a person or business that transports freight for a single or a small group of shippers under contract. not required to assist the public. A person or firm that hauls its own goods as part of a venture that makes, uses, sells, or purchases the goods being transported. Cross-docking is a LEAN idea since it minimizes some wasteful transit and the requirement to keep inventory. REDUCED LOT SIZES and SHIPPING Numbers - By decreasing lot sizes and shipping quantities, a business can boost warehouse productivity and expedite shipping.
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if a firm's current ratio , its liquidity . a. increases; increases b. decreases; increases c. increases; decreases d. increases; remains the same
If a firm's current ratio increases , its liquidity remains the same. Companies measure their ability to fulfil short-term financial obligations using liquidity. It's a gauge of your company's capacity to turn over any possessions with a monetary value into cash.
It is quick and simple to convert liquid assets into money. The term "liquidity" refers to the capacity to convert an asset into cash. An asset is more liquid firm it is simpler to turn it into cash. And the most liquid asset is often thought to be cash. A bank transfer or ATM withdrawal can be used to swiftly and simply access the cash in a bank account or credit union account.
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What is an
example of acting
in a self-centered
way?
A. Throwing a surprise
party for a friend.
B. Wishing you did
something in a different
way.
C. Going to your friend's
basketball game to
support them.
D. Visiting a friend who is
going through a hard time.
An example of acting in a self-centered way is wishing you did something in a different way (option B).
What is a self-centered person?A self-centered person is described as an individual who is more interested in his activities and more engrossed in himself. It is important to mention that a self-centered person will mainly be egotistical and selfish.
Acting in a self-centered manner means that an individual is acting in a manner in which that person's well-being, goals, and thoughts are more important to that person, than anything else. This is why the person focuses on his actions and wishes to do some actions differently.
It can be concluded that an example of acting in a self-centered way is wishing you did something in a different way (option B).
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sonja is a product manager for a line of consumer cosmetic products and is introducing a new product. she set the retail price at $35.50 with wholesale margins of 15% and retail margins of 40%. how much will sonja's company receive per unit under these terms?
Sonja's company receives $20.81 per unit with a retail margin of 40% and a wholesale margin of 15%
It is given that Sonja has set a retail margin of 40%, and a wholesale margin of 15%.
Retail Price = Wholesale price + Retail margin X Wholesale price
or, Retail Price = (1 + Retail margin) X Wholesale price
The retail price is given as $35.50.
Hence,
35.50 = (1 + 40/100) X Wholesale Price
Or, Wholesale Price = 35.50 X 100/140
or, wholesale price = $23.928
Similar to the above statements,
Wholesale price = Price charged by manufacturers + Wholesale margin X price charged by manufacturers
or, Wholesale price = (1 + Wholesale margin) X Price charged by manufacturers
Hence,
23.928 = (1 + 15/100) X Price charged by manufacturers
or, Price charged by manufacturers = 100 X 23.928/115
= $20.81
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what is a reason a company would want its own warehouse? multiple choice to fulfill its large warehousing needs internationally to provide customers with more control over their goods to avoid the special handling of goods that public warehouses provide to avoid having total control over distribution to avoid paying high fixed costs for public warehouse maintenance
A reason that a company might want to own a warehouse is to provide customers with more control over their goods.
We can describe a warehouse as a large place where goods can be stored. If a company has a warehouse, then this means that it can store extra products in the warehouse and provide them to customers whenever needed.
A warehouse can increase the sales of a company as increased products mean increased sales. A warehouse helps in the management of sales chain development.
A warehouse means that the customers can have a grip of their goods and can store their products.
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